The December 31, 2018, balance sheet of Whelan, Inc., showed $145,000 in the common stock account and $2,700,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $155,000 and $3,000,000 in the same two accounts, respectively. The company paid out $150,000 in cash dividends during 2019. What was the cash flow to stockholders for the year? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Cash flow to stockholders $ 440,000
The December 31, 2018, balance sheet of Whelan, Inc., showed $145,000 in the common stock account and $2,700,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $155,000 and $3,000,000 in the same two accounts, respectively. The company paid out $150,000 in cash dividends during 2019. What was the cash flow to stockholders for the year? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) Cash flow to stockholders $ 440,000
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
Section: Chapter Questions
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The December 31, 2018, balance sheet of Whelan, Inc., showed $145,000 in the common
stock account and $2,700,000 in the additional paid-in surplus account. The December
31, 2019, balance sheet showed $155.000 and $3,000,000 in the same two accounts,
respectively. The company paid out $150,000 in cash dividends during 2019.
What was the cash flow to stockholders for the year? (A negative answer should be
indicated by a minus sign. Do not round intermediate calculations and enter your
answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g.,
1,234,567.)
Cash flow to stockholders
Saved
$
440,000
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