The 2018 balance sheet of Speith’s Golf Shop, Inc., showed $510,000 in the common stock account and $4.6 million in the
Posted: Tue Jan 18, 2022 1:00 pm
- The 2018 Balance Sheet Of Speith S Golf Shop Inc Showed 510 000 In The Common Stock Account And 4 6 Million In The 1 (71.47 KiB) Viewed 62 times
what was the cash flow to stockholders for the
year? (Do not round intermediate calculations and
enter your answer in dollars, not millions of dollars, e.g.,
1,234,567.)
The 2018 balance sheet of Speith’s Golf Shop, Inc., showed $510,000 in the common stock account and $4.6 million in the additional paid-in surplus account. The 2019 balance sheet showed $550,000 and $4.8 million in the same two accounts, respectively. If the company paid out $310,000 in cash dividends during 2019, what was the cash flow to stockholders for the year? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)