Ask Question
8 May, 17:12

The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed $560,000 in the common stock account and $5.6 million in the additional paid-in surplus account. The 2015 balance sheet showed $600,000 and $6 million in the same two accounts, respectively. If the company paid out $510,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?

+3
Answers (1)
  1. 8 May, 17:25
    0
    what was the cash flow to stockholders for the year?

    $70000

    Explanation:

    Cash flow to stockholders = dividends received - change in common stock account - change in paid-in capital

    = 510,000 - (600,000-560,000) - (6,000,000-5,600,000)

    =70000 This represents the net cash flow to stockholders.

    This represents the net cash flow to stockholders.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed $560,000 in the common stock account and $5.6 million in the additional ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers