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Class: Financial management
Problem 2-9 cash flow to stockholders
The 2016 balance sheet of Maria's Tennis shop Inc. showed $ 470,000 in the common stock account and $ 4.5 million in the additional paid in surplus account. The 2017 balance sheet showed $510,000 and $ 4.8 million in the same two accounts respectively.
If the company paid out $ 420,000 in cash dividends during 2017, what was the cash flow to stockholders for the year?
Cash flow to stockholders =
With the focus of this class being on learning and demonstrating knowledge of research methodology within the criminal justice system
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