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Fairbanks Co.'s balance sheet showed long-term debt of $5 million in 2018, and $4.5 million in 2019. In 2018, the balance sheet showed a common stock account of $2 million, and 2.5 million in an additional paid-in surplus account. In 2019, the balance sheet showed $2.5 million and 2.5 million in the same two accounts respectively. In 2019, the income statement showed an interest expense of $500,000 and dividends paid of $700,000. Calculate the cash flow of the stockholders for the year. Use Excel to answer.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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