The 2009 balance sheet of Maria\'s Tennis Shop, Inc., showed $828,200 in the com
ID: 2659833 • Letter: T
Question
The 2009 balance sheet of Maria's Tennis Shop, Inc., showed $828,200 in the common stock account and $6.46 million in the additional paid-in surplus account. The 2010 balance sheet showed $863,550 and $7.9 million in the same two accounts, respectively. The company paid out $654,000 in cash dividends during 2010. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. Enter answer in dollars, not millions of dollars, e.g., $1,234,567.)
The 2009 balance sheet of Maria's Tennis Shop, Inc., showed $828,200 in the common stock account and $6.46 million in the additional paid-in surplus account. The 2010 balance sheet showed $863,550 and $7.9 million in the same two accounts, respectively. The company paid out $654,000 in cash dividends during 2010. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. Enter answer in dollars, not millions of dollars, e.g., $1,234,567.)
The cash flow to stockholders for the year is $ .Explanation / Answer
Cash flow to stockholders = Dividends paid
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