Cash Flow to Stockholders The December 31, 2018, balance sheet of Whelan, Inc., showed $120,000 in the common stock account and $2,289,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $137,000 and $2,568,000 in the same two accounts, respectively. If the company paid out $149,500 in cash dividends during 2019, what was the cash flow to stockholders for the year? Calculating Cash Flows Given the information for Whelan, Inc., in Problems 10 and 11, suppose you also know that the firm's net capital spending for 2019 was $745,000 and that the firm reduced its net working capital investment by $94,300. What was the firm's 2019 operating cash flow, or OCF?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Cash Flow to Stockholders The December 31, 2018, balance sheet
of Whelan, Inc., showed $120,000 in the common stock account and
$2,289,000 in the additional paid-in surplus account. The December 31,
2019, balance sheet showed $137,000 and $2,568,000 in the same two
accounts, respectively. If the company paid out $149,500 in cash dividends
during 2019, what was the cash flow to stockholders for the year?
Calculating Cash Flows Given the information for Whelan, Inc., in
Problems 10 and 11, suppose you also know that the firm's net capital
spending for 2019 was $745,000 and that the firm reduced its net working
capital investment by $94,300. What was the firm's 2019 operating cash
flow, or OCF?
Transcribed Image Text:Cash Flow to Stockholders The December 31, 2018, balance sheet of Whelan, Inc., showed $120,000 in the common stock account and $2,289,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $137,000 and $2,568,000 in the same two accounts, respectively. If the company paid out $149,500 in cash dividends during 2019, what was the cash flow to stockholders for the year? Calculating Cash Flows Given the information for Whelan, Inc., in Problems 10 and 11, suppose you also know that the firm's net capital spending for 2019 was $745,000 and that the firm reduced its net working capital investment by $94,300. What was the firm's 2019 operating cash flow, or OCF?
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