The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed $580,000 in the
ID: 2383008 • Letter: T
Question
The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed $580,000 in the common stock account and $3.5 million in the additional paid-in surplus account. The 2015 balance sheet showed $620,000 and $3.9 million in the same two accounts, respectively.
If the company paid out $520,000 in cash dividends during 2015, what was the cash flow to stockholders for the year
The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed $580,000 in the common stock account and $3.5 million in the additional paid-in surplus account. The 2015 balance sheet showed $620,000 and $3.9 million in the same two accounts, respectively.
Explanation / Answer
Particulars 2014 2015 Difference or cash raised Common Stock 580,000.00 620,000.00 40,000.00 Additional paid in Surplus 3,500,000.00 3,900,000.00 400,000.00 Total Cash Raised from S/H 440,000.00 Cash Dividends Paid to S/H 520,000.00 Net cash paid to S/H(520,000-440,000) 80,000.00
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.