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The 2017 balance sheet of Kerbers Tennis Shop, Incorporated, showed $770,000 in the common stock account and $6.35 million in the additional paid-in surplus account.
The 2017 balance sheet of Kerbers Tennis Shop, Incorporated, showed $770,000 in the common stock account and $6.35 million in the additional paid-in surplus account. The 2018 balance sheet showed $915,000 and $7.8 million in the same two accounts, respectively. If the company paid out $700,000 in cash dividends during 2018, what was the cash flow to stockholders for the year?
The 2017 balance sheet of Kerber's Tennis Shop, Incorporated, showed $770,000 in the common stock account and $6.35 million in the additional paid-in surplus account. The 2018 balance sheet showed $915,000 and $7.8 million in the same two accounts, respectlvely. If the company paid out $700,000 in cash dividends during 2018 , what was the cash flow to stockholders for the year? Muliple Choice 58,015,000 $895,000 $70,000 s8g5000 Step by Step Solution
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