The Daily News had net income of $121,600, of which, 40% was distributed to the shareholders as
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Question:
The Daily News had net income of $121,600, of which, 40% was distributed to the shareholders as dividends. During the year, the company sold $75,000 worth of common stock. According to the cash flow from assets (CFFA), what is the cash flow to stockholders?
A. -$75,000
B. -$26,360
C. -$2,040
D. $123,640
E. $147,960
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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