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 December 31, 2013, balance sheet of Schism, Inc., showed $120,0 00 in the common
stock account and $2,120,000 in the additional paid-in surplus account. The December
31, 2014, balance sheet showed $135,000 and $2,380,000 in the same two accounts
respectively. If the company paid out $135,000 in cash dividends during 2014. (Enter
your answer as directed, but do not round intermediate calculations.)
Required:
What was the cash flow to stockholders for the year? (Negative amount should be
indicated by a minus sign.)
Cash flow to
stockholders
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Transcribed Image Text:The December 31, 2013, balance sheet of Schism, Inc., showed $120,0 00 in the common stock account and $2,120,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed $135,000 and $2,380,000 in the same two accounts respectively. If the company paid out $135,000 in cash dividends during 2014. (Enter your answer as directed, but do not round intermediate calculations.) Required: What was the cash flow to stockholders for the year? (Negative amount should be indicated by a minus sign.) Cash flow to stockholders
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