What was the cash flow to stockholders for year

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Reference no: EM131955574

1. The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $890,000 in the common stock account and $6.45 million in the additional paid-in surplus account. The 2009 balance sheet showed $945,000 and $8.45 million in the same two accounts, respectively. If the company paid out $680,000 in cash dividends during 2009, What was the cash flow to stockholders for the year?

$-1,375,000

$1,375,000

$265,000

$8,715,000

$210,000

2. Financial planning increases in importance as your salary increases.

1. True

2. False

Reference no: EM131955574

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