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Question: The December 31, 2015, balance sheet of Schism, Inc., showed $140,000 in the common stock account and $2,650,000 in the additional paid-in surplus account. The December 31, 2016, balance sheet showed $150,000 and $2,950,000 in the same two accounts, respectively. The company paid out $145,000 in cash dividends during 2016. What was the cash flow to stockholders for the year?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92803163

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