UPENN: LOOSE LEAF CORP.FIN W/CONNECT
UPENN: LOOSE LEAF CORP.FIN W/CONNECT
17th Edition
ISBN: 9781260361278
Author: Ross
Publisher: McGraw-Hill Publishing Co.
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Chapter 2, Problem 9QP

Cash. Flow to Stockholders The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed $510,000 in the common stock account and $3.6 million in the additional paid-in surplus account. The 2015 balance sheet showed $545,000 and $3.85 million in the same two accounts, respectively. If the company paid out $275,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?

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UPENN: LOOSE LEAF CORP.FIN W/CONNECT

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