Cash Flow to Stockholders The 2018 balance sheet of Spieth’s Golf Shop, Inc., showed $490,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2019 balance sheet showed $525,000 and $3.75 million in the same two accounts, respectively. If the company paid out $335,000 in cash dividends during 2019, what was the cash flow to stockholders for the year?
Cash Flow to Stockholders The 2018 balance sheet of Spieth’s Golf Shop, Inc., showed $490,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2019 balance sheet showed $525,000 and $3.75 million in the same two accounts, respectively. If the company paid out $335,000 in cash dividends during 2019, what was the cash flow to stockholders for the year?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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- Cash Flow to Stockholders The 2018
balance sheet of Spieth’s Golf Shop, Inc., showed $490,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2019 balance sheet showed $525,000 and $3.75 million in the same two accounts, respectively. If the company paid out $335,000 in cash dividends during 2019, what was the cash flow to stockholders for the year?
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