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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $820,000 in the common stock account and $6.1 million in the additional paid-in surplus
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $820,000 in the common stock account and $6.1 million in the additional paid-in surplus account. The 2018 balance sheet showed $855,000 and $8.65 million in the same two accounts, respectively. If the company paid out $580,000 in cash dividends during 2018, what was the cash flow to stockholders for the year? Multiple Choice $2,005,000 $-2,005,000 $240,000 $8,925,000 $275,000
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