Question: The December 31 2007 balance sheet of Butterfly Wings Inc showed
The December 31, 2007, balance sheet of Butterfly Wings, Inc., showed $150,000 in the common stock account and $2.9 million in the additional paid-in surplus account. The December 31, 2008, balance sheet showed $160,000 and $3.2 million in the same two accounts, respectively. If the company paid out $70,000 in cash dividends during 2008, what was the cash flow to stockholders for the year?
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