The December 31, 2009, balance sheet of Schism, Inc., showed $147,000 in the common stock account and $2.72 million in the additional paid-in surplus account. December 31, 2010, the balance sheet showed $157,000 and $3.02 million in the same two accounts, respectively. The company paid out $152,000 in cash dividends in 2010. Required: What was the cash flow to stockholders for the year?
The December 31, 2009, balance sheet of Schism, Inc., showed $147,000 in the common stock account and $2.72 million in the additional paid-in surplus account. December 31, 2010, the balance sheet showed $157,000 and $3.02 million in the same two accounts, respectively. The company paid out $152,000 in cash dividends in 2010. Required: What was the cash flow to stockholders for the year?
Chapter10: Valuing Early-stage Ventures
Section10.3: Required Versus Surplus Cash
Problem 1CC
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Transcribed Image Text:The December 31, 2009, balance sheet of Schism, Inc., showed
$147,000 in the common stock account and $2.72 million in the
additional paid-in surplus account. December 31, 2010, the balance
sheet showed $157,000 and $3.02 million in the same two
accounts, respectively. The company paid out $152,000 in cash
dividends in 2010.
Required:
What was the cash flow to stockholders for the year?
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