The 2019 statement of financial position of Roger's Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 million in the additional retained earnings account. The 2020 statement of financial position showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2020, what was the cash flow to shareholders for the year? (Enter the answer in dollars, not millions of dollars, i.e. 1,234,567. Omit $ sign in your response.) Cash flow to shareholders

The 2019 statement of financial position of Roger's Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 million in the additional retained earnings account. The 2020 statement of financial position showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2020, what was the cash flow to shareholders for the year? (Enter the answer in dollars, not millions of dollars, i.e. 1,234,567. Omit $ sign in your response.) Cash flow to shareholders

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Description: cesCheck my workThe 2019 statement of financial position of Roger's Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 millionin the additional retained earnings account. The 2020 statement of financial position showed $670,000 an

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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