Question
The 2014 balance sheet of Sugarpovas Tennis Shop, Inc., showed $630,000 in the common stock account and $4.9 million in the additional paid-in surplus account.
The 2014 balance sheet of Sugarpovas Tennis Shop, Inc., showed $630,000 in the common stock account and $4.9 million in the additional paid-in surplus account. The 2015 balance sheet showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
