The December 31, 2001, balance sheet of Serenas Tennis Shop, Inc., showed $750,000 in the common stock
Question:
The December 31, 2001, balance sheet of Serena’s Tennis Shop, Inc., showed $750,000 in the common stock account and $7.2 million in the additional paid-in surplus account. The December 31, 2002, balance sheet showed $825,000 and $7.8 million in the same two accounts, respectively. If the company paid out $500,000 in cash dividends during 2002, what was the cash flow to stockholders for the year?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
Question Posted: