Question
The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed $670,000 in the common stock account and $4.1 million in the additional paid-in surplus account.
The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed $670,000 in the common stock account and $4.1 million in the additional paid-in surplus account. The 2015 balance sheet showed $825,000 and $4.4 million in the same two accounts, respectively. If the company paid out $565,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
