The December 31, 2018, balance sheet of Whelan Inc., showed $139,000 in the common stock account and $2,640,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $149,000 and $2,940,000 in the same two accounts, respectively. The company paid out $144,000 in cash dividends durig 2019. What was the cash flow to stockholders for the year?
The December 31, 2018, balance sheet of Whelan Inc., showed $139,000 in the common stock account and $2,640,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $149,000 and $2,940,000 in the same two accounts, respectively. The company paid out $144,000 in cash dividends durig 2019. What was the cash flow to stockholders for the year?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 18E: Monona Company reported net income of 29,975 for 2019. During all of 2019, Monona had 1,000 shares...
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The December 31, 2018, balance sheet of Whelan Inc., showed $139,000 in the common stock account and $2,640,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $149,000 and $2,940,000 in the same two accounts, respectively. The company paid out $144,000 in cash dividends durig 2019. What was the cash flow to stockholders for the year?
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