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What was the cash flow to shareholders for the year

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Question - The 2017 statement of financial position of Roger's Tennis Shop Inc. showed $600,000 in the common stock account and $5.7 million in the additional retained earnings account. The 2018 statement of financial position showed $640,000 and $6.2 million in the same two accounts, respectively.

If the company paid out $605,000 in cash dividends during 2018, what was the cash flow to shareholders for the year?

Reference no: EM132857020

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