Johnston & Chu started the year with $$650,000$ in the common stock account and $$1,318,407$ in the additional paid$-$in surplus account. The end$-$of$-$year balance sheet showed $$720,000$ and $$1,299,310$ in the same two accounts, respectively. What is the cash flow to stockholders if the firm paid $$68,500$ in dividends?

Answer rating: 100% (QA)

To calculate the cash flow to stockholders we need to consider the changes in the common stock accou... View the full answer