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The 2017 statement of financial position of Roger's Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 million in the additional retained earnings account. The 2018 statement of financial position showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2018, what was the cash flow to shareholders for the year? (Omit $ sign in your response.) Cash flow to shareholders $

The 2017 statement of financial position of Roger's Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 million in the additional retained earnings account. The 2018 statement of financial position showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2018, what was the cash flow to shareholders for the year? (Omit $ sign in your response.) Cash flow to shareholders $

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 6P: In its most recent financial statements, Del-Castillo Inc. reported 70 million of net income and 900...
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The 2017 statement of financial position of Roger's Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 million in the additional retained earnings account. The 2018 statement of financial position showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2018, what was the cash flow to shareholders for the year? (Omit $ sign in your response.) Cash flow to shareholders $ 13
Transcribed Image Text:The 2017 statement of financial position of Roger's Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 million in the additional retained earnings account. The 2018 statement of financial position showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2018, what was the cash flow to shareholders for the year? (Omit $ sign in your response.) Cash flow to shareholders $ 13
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