The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $830,000 in the common stock account and $6.25 million in the additional paid-in surplus account. The 2018 balance sheet showed $845,000 and $7.75 million in the same two accounts, respectively. If the company paid out $580,000 in cash dividends during 2018, what was the cash flow to stockholders for the year?

Answer rating: 100% (QA)

Step 12 beginning common stock bc 830000 Beginning surplus bp 625 million e... View the full answer