can you show work? Q9.The Atlanta Newsfeed Corporation had net income of $132,700 of which 40...

Question

Question

can you show work?

Q9.The Atlanta Newsfeed Corporation had net income of $132,700 of which 40 percent

was distributed to shareholders as dividends. During the year, the company sold

$79,000 worth of common stock. What is the cash flow to stockholders?

Answer 1

Answer #1

Cash flow to stockholders = Issue of common stock + dividend paid

= $79000 + 132700*40%

= $132080

Answer 2

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