The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed $630,000 in the common stock account and $4.9 million in the additional paid-in surplus account. The 2021 balance sheet showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2021, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Cash flow to stockholders

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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1
nces
The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed $630,000 in the
common stock account and $4.9 million in the additional paid-in surplus account. The
2021 balance sheet showed $670,000 and $5.4 million in the same two accounts,
respectively. If the company paid out $620,000 in cash dividends during 2021, what was
the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of
dollars, e.g., 1,234,567.)
Mc
Graw
Hill
Cash flow to stockholders
80
000
000
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Transcribed Image Text:K 1 nces The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed $630,000 in the common stock account and $4.9 million in the additional paid-in surplus account. The 2021 balance sheet showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2021, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Mc Graw Hill Cash flow to stockholders 80 000 000 < Prev 8 of 13 # Next >
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