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The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $910,000 in the common stock account and $6.75 million in the additional paid-in surplus account.
The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $910,000 in the common stock account and $6.75 million in the additional paid-in surplus account. The 2018 balance sheet showed $975,000 and $7.75 million in the same two accounts, respectively. If the company paid out $540,000 in cash dividends during 2018, what was the cash flow to stockholders for the year? You are scheduled to receive $34,000 in two years. When you receive it, you will invest it for 9 more years at 8 percent per year. How much will you have in 11 years
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