Question
The December 31, 2015, balance sheet of Schism, Inc., showed $143,000 in the common stock account and $2,680,000 in the additional paid-in surplus account. The
The December 31, 2015, balance sheet of Schism, Inc., showed $143,000 in the common stock account and $2,680,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed $153,000 and $2,980,000 in the same two accounts, respectively. The company paid out $148,000 in cash dividends during 2016.
What was the cash flow to stockholders for the year? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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