The 2010 balance sheet of Maria's Tennis Shop, Inc., showed $470,000 in the common stock account and $4.5 million in the additional paid-in surplus account. The 2011 balance sheet showed $510,000 and $4.8 million in the same two accounts, respectively.
If the company paid out $420,000 in cash dividends during 2011, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)
Cash flow to stockholders $© BrainMass Inc. brainmass.com May 20, 2020, 11:02 pm ad1c9bdddf
The solution gived detailed steps on calculating the Cash Flow to stockholders. All formula and calculations are shown and explained.