Question

The December 31, 2015, balance sheet of Schism, Inc., showed $153,000 in the common stock account and $2,780,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed $163,000 and $3,080,000 in the same two accounts, respectively. The company paid out $158,000 in cash dividends during 2016. What was the cash flow to stockholders for the year? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow to stockholders

Answer 1

Cash flow to Stockholders = Dividends paid-(Ending common stock-Beginning common stock)-(Ending additional paid-in surplus account-Beginning additional paid in surplus account)
= 158000-(163000-153000)-(3080000-2780000) =	$   -1,52,000