31, 2021, showed $130,000 in the common stock account and $2.34 million in the additional paid- in surplus account. The December 31, 2022, balance sheet showed $147,000 and $2.65 million in the same two accounts, respectively. If the company paid out $168,500 in cash dividends during 2022, what was the cash flow to stockholders for the year?
31, 2021, showed $130,000 in the common stock account and $2.34 million in the additional paid- in surplus account. The December 31, 2022, balance sheet showed $147,000 and $2.65 million in the same two accounts, respectively. If the company paid out $168,500 in cash dividends during 2022, what was the cash flow to stockholders for the year?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:10.Cash Flow to Stockholders The December 31, 2021, balance sheet of Chen, Inc.,
showed $130,000 in the common stock account and $2.34 million in the additional paid-
in surplus account. The December 31, 2022, balance sheet showed $147,000 and $2.65
million in the same two accounts, respectively. If the company paid out $168,500 in cash
dividends during 2022, what was the cash flow to stockholders for the year?
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