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The 2018 balance sheet of Speiths Golf Shop, Inc., showed $600,000 in the common stock account and $5.7 million in the additional paid-in surplus account.
The 2018 balance sheet of Speiths Golf Shop, Inc., showed $600,000 in the common stock account and $5.7 million in the additional paid-in surplus account. The 2019 balance sheet showed $640,000 and $6.2 million in the same two accounts, respectively. |
If the company paid out $605,000 in cash dividends during 2019, what was the cash flow to stockholders for the year? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) |
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