Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed $490,000 in the
common stock account and $2.2 million in the additional paid-in surplus account. The
2021 balance sheet showed $530,000 and $2.4 million in the same two accounts,
respectively. If the company paid out $300,000 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.)
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Transcribed Image Text:The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed $490,000 in the common stock account and $2.2 million in the additional paid-in surplus account. The 2021 balance sheet showed $530,000 and $2.4 million in the same two accounts, respectively. If the company paid out $300,000 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.)
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