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What was the cash flow to shareholders for the year

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Question 1: The 2017 statement of financial position of Roger's Tennis Shop Inc. showed $740,000 in common stock account and $5.2 million in the additional retained earnings account. The 2018 statement of financial position showed $815,000 and $5.5 million in the same two accounts, respectively. If the company paid out $490,000 in cash dividends during 2018, what was the cash flow to shareholders for the year?

Reference no: EM132651037

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