The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed $490,000 in the common stock account and $2.2 million in the additional paid-in surplus account. The 2021 balance sheet showed $530,000 and $2.4 million in the same two accounts, respectively. If the company paid out $300,000 in cash dividends during 2021, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of HO 1221 5671

The 2020 balance sheet of Osaka's Tennis Shop, Incorporated, showed $490,000 in the common stock account and $2.2 million in the additional paid-in surplus account. The 2021 balance sheet showed $530,000 and $2.4 million in the same two accounts, respectively. If the company paid out $300,000 in cash dividends during 2021, what was the cash flow to stockholders for the year? (Enter your answer in dollars, not millions of HO 1221 5671

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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