The 2013 balance sheet of Maria’s Tennis Shop, Inc., showed $560,000 in the common stock account...
The 2013 balance sheet of Maria’s Tennis Shop, Inc., showed $560,000 in the common stock account while the 2014 balance sheet showed $751,000.
If the company paid out $257,000 in cash dividends during 2014, what was the cash flow to stockholders for the year? (Round final answer to the nearest whole dollar. Do not round intermediate calculations).
Homework Answers
Cash flow to stockholders = Cash dividends -(Closing common stock balance - Opening common stock balance)
= 257000 -(751000-560000)
=$ 66,000
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The 2013 balance sheet of Maria’s Tennis Shop, Inc., showed $560,000 in the common stock account...
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