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16 November, 15:24

The 2014 balance sheet of Sugarpova's Tennis Shop, Inc., showed $550,000 in the common stock account and $4.7 million in the additional paid-in sur + account. The 2015 balance sheet showed $590,000 and $5.1 million in the same two accounts, respectively. If the company paid out $505,000 in cash dividends during 2015, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e. g., 1,234,567.)

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  1. 16 November, 15:32
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    cash flow to stockholders = 65,000

    Explanation:

    2014

    550,000 CS

    4,700,000 Additional Paid-In

    5,250,000 Total beginning Capital

    2015

    590,000 CS

    5,100,000 Additional Paid-IN

    5,690,000 Total ending Capital

    Dividends - (Ending Capital - Beginning Capital) = cash low to stockholders

    505,000 - (5,690,000 - 5,250,000) = 65,000
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