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The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed $560,000 in the common stock account and $5.6 million in the additional paid-in surplus account. The 2015 balance sheet showed $600,000 and $6 million in the same two accounts, respectively.

If the company paid out $510,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92075606

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