Question
The 2019 balance sheet of Dyrdek's Skate Shop, Inc., showed $470,000 in the common stock account and $4.5 million in the additional paid-in surplus account.
The 2019 balance sheet of Dyrdek's Skate Shop, Inc., showed $470,000 in the common stock account and $4.5 million in the additional paid-in surplus account. The 2020 balance sheet showed $510,000 and $4.8 million in the same two accounts, respectively.If the company paid out $420,000 in cash dividends during 2020, what was the cash flow to stockholders for the year?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
