Hello, I need help with finance questions from book Fundamentals of corporate finance ( 11th Canadian Edition) Chapter 2 Q.12 Thank you, 12. Cash Flow to Shareholders (LO3) The 2019 statement of financial position of Roger’s Tennis Shop Inc. showed $740,000 in the common stock account and $5.2 million in the additional retained earnings account. The 2020 statement of financial position showed $815,000 and $5.5 million in the same two accounts, respectively. If the company paid out $490,000 in cash dividends during 2020, what was the cash flow to shareholders for the year?
Hello, I need help with finance questions
from book Fundamentals of
Thank you,
12. Cash Flow to Shareholders (LO3) The 2019
of Roger’s Tennis Shop Inc. showed $740,000 in the common stock account and
$5.2 million in the additional
financial position showed $815,000 and $5.5 million in the same two accounts,
respectively. If the company paid out $490,000 in cash dividends during 2020,
what was the cash flow to shareholders for the year?
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Hello,
I am worried about the negative -115k,
is it possible for the cash flow to be negative?
can you recalculate to ensure that is the right answer.
thank you,
by Bartleby Expert
