Question
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed $810,000 in the common stock account and $6.15 million in the additional paid-in surplus account.
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed $810,000 in the common stock account and $6.15 million in the additional paid-in surplus account. The 2018 balance sheet showed $795,000 and $8.45 million in the same two accounts, respectively. If the company paid out $570,000 in cash dividends during 2018, what was the cash flow to stockholders for the year?
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
