The December 31, 2018, balance sheet of Whelan, Inc., showed $145,000 in the common stock account and $2,700,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $155,000 and $3,000,000 in the same two accounts, respectively. The company paid out $150,000 in cash dividends during 2019. What was the cash flow to stockholders for the year? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Cash flow to stockholders $ 440,000
The December 31, 2018, balance sheet of Whelan, Inc., showed $145,000 in the common stock account and $2,700,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $155,000 and $3,000,000 in the same two accounts, respectively. The company paid out $150,000 in cash dividends during 2019. What was the cash flow to stockholders for the year? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Cash flow to stockholders $ 440,000
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter16: Financial Planning And Forecasting
Section: Chapter Questions
Problem 3P: AFN EQUATION Refer to Problem 16-1 and assume that the company had 3 million in assets at the end of...
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