Question
The December 31, 2020 balance sheet for Mcoy, Inc. showed equity of $4.3 million. In addition, the December 31, 2021 balance sheet showed equity of
The December 31, 2020 balance sheet for Mcoy, Inc. showed equity of $4.3 million. In addition, the December 31, 2021 balance sheet showed equity of $4.78 million. If the company paid out $120,000 in cash dividends during 2021, what was the cash flow to stockholders for the year?
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
