The December 31, 2018, balance sheet of Whelan, Inc., showed $145,000 in the common stock account and $2,700,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $155,000 and $3,000,000 in the same two accounts, respectively. The company paid out $150,000 in cash dividends during 2019. What was the cash flow to stockholders for the year? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Cash flow to stockholders $ 440,000
The December 31, 2018, balance sheet of Whelan, Inc., showed $145,000 in the common stock account and $2,700,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $155,000 and $3,000,000 in the same two accounts, respectively. The company paid out $150,000 in cash dividends during 2019. What was the cash flow to stockholders for the year? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Cash flow to stockholders $ 440,000
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
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![- Chapter 2 i
2
01:20:40
eBook
The December 31, 2018, balance sheet of Whelan, Inc., showed $145,000 in the common
stock account and $2,700,000 in the additional paid-in surplus account. The December
31, 2019, balance sheet showed $155.000 and $3,000,000 in the same two accounts,
respectively. The company paid out $150,000 in cash dividends during 2019.
What was the cash flow to stockholders for the year? (A negative answer should be
indicated by a minus sign. Do not round intermediate calculations and enter your
answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g.,
1,234,567.)
Cash flow to stockholders
Saved
$
440,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50c4a886-3e07-4312-95fc-3240a8ded880%2F8e8061a6-bc32-4fff-b752-c6e0788d7211%2Fh0394wj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:- Chapter 2 i
2
01:20:40
eBook
The December 31, 2018, balance sheet of Whelan, Inc., showed $145,000 in the common
stock account and $2,700,000 in the additional paid-in surplus account. The December
31, 2019, balance sheet showed $155.000 and $3,000,000 in the same two accounts,
respectively. The company paid out $150,000 in cash dividends during 2019.
What was the cash flow to stockholders for the year? (A negative answer should be
indicated by a minus sign. Do not round intermediate calculations and enter your
answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g.,
1,234,567.)
Cash flow to stockholders
Saved
$
440,000
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