The 2017 balance sheet of Kerber’s Tennis Shop, Incorporated, showed $890,000 in the common stock account and $6.65 million in the additional paid-in surplus account. The 2018 balance sheet showed $785,000 and $8.15 million in the same two accounts, respectively. If the company paid out $580,000 in cash dividends during 2018, what was the cash flow to stockholders for the year? Multiple Choice $-815,000 $205,000 $310,000 $815,000 $8,355,000

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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The 2017 balance sheet of Kerber’s Tennis Shop, Incorporated, showed $890,000 in the common stock account and $6.65 million in the additional paid-in surplus account. The 2018 balance sheet showed $785,000 and $8.15 million in the same two accounts, respectively. If the company paid out $580,000 in cash dividends during 2018, what was the cash flow to stockholders for the year?

 

Multiple Choice $-815,000 $205,000 $310,000 $815,000 $8,355,000 

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