Cash Flow to Stockholders The 2018 balance sheet of Spieth’s Golf Shop, Inc., showed $490,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2019 balance sheet showed $525,000 and $3.75 million in the same two accounts, respectively. If the company paid out $335,000 in cash dividends during 2019, what was the cash flow to stockholders for the year?

given, 2018, common stock $490,000 2018, additional paid in surplus $3400,000 2019,…

Answered: Cash Flow to Stockholders The 2018…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 11E

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Cash Flow to Stockholders The 2018 balance sheet of Spieth’s Golf Shop, Inc., showed $490,000 in the common stock account and $3.4 million in the additional paid-in surplus account. The 2019 balance sheet showed $525,000 and $3.75 million in the same two accounts, respectively. If the company paid out $335,000 in cash dividends during 2019, what was the cash flow to stockholders for the year?

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