Question
The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed $500,000 in the common stock account and $3.3 million in the additional paid-in surplus account.
| The 2017 balance sheet of Kerbers Tennis Shop, Inc., showed $500,000 in the common stock account and $3.3 million in the additional paid-in surplus account. The 2018 balance sheet showed $540,000 and $3.5 million in the same two accounts, respectively. |
| If the company paid out $305,000 in cash dividends during 2018, what was the cash flow to stockholders for the year? |
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
