Solution-What was the cash flow to stockholders for the year

What was the cash flow to stockholders for the year

Reference no: EM132235115

The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed $820,000 in the common stock account and $6 million in the additional paid-in surplus account. The 2018 balance sheet showed $955,000 and $7.95 million in the same two accounts, respectively. If the company paid out $640,000 in cash dividends during 2018, what was the cash flow to stockholders for the year?

Reference no: EM132235115

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What was the cash flow to stockholders for the year

Reference no: EM132235115

Reference no: EM132235115

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