1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ycow [4]
3 years ago
10

The 2014 balance sheet of Sugarpova’s Tennis Shop, Inc., showed $560,000 in the common stock account and $5.6 million in the add

itional paid-in surplus account. The 2015 balance sheet showed $600,000 and $6 million in the same two accounts, respectively. If the company paid out $510,000 in cash dividends during 2015, what was the cash flow to stockholders for the year?
Business
1 answer:
zhuklara [117]3 years ago
3 0

Answer:

what was the cash flow to stockholders for the year?

$70000

Explanation:

Cash flow to stockholders = dividends received - change in common stock account - change in paid-in capital  

= 510,000 - (600,000-560,000) -(6,000,000-5,600,000)  

=70000 This represents the net cash flow to stockholders.

This represents the net cash flow to stockholders.

You might be interested in
I dont get it<br> can you help ye s didniit os good to dxuiowesxvuedhhgv0x difc id dv h 0oidv
Sever21 [200]
I don’t get it either jsjsvsusm ssnshwkwnnw skshwbjsj skjsbs djdhsnsj
8 0
2 years ago
Read 2 more answers
You are watching a commercial on television for the newest sandwich at your favorite fast food chain. What type of promotion are
Paladinen [302]
C- advertising.......
6 0
2 years ago
Read 2 more answers
The plaintiff is a State A corporation that entered into a contract with the defendant under which the defendant agreed to manuf
Kruka [31]

Answer: No, because all of the defendant's facilities and offices are in State A.

Explanation:

Following the information given in the question, a federal district court cannot have subject matter jurisdiction over the plaintiff's action.

In this case, there's no subject matter jurisdiction by the court as theres subject matter jurisdiction when there is full diversity of citizenship, and the amount of controversy is more tha $75,000.

3 0
3 years ago
Which statement BEST explains this investment?
wlad13 [49]

Answer:

I think that the answer is B, The The general likelihood of business success is very high.

Explanation:

I got it right on edgenuity

4 0
3 years ago
X-Mart purchased $300 of merchandise on account. Demonstrate the journal entry to record this transaction, assuming the perpetua
pav-90 [236]

Answer:

See explanation

Explanation:

Since X-Mart company uses perpetual inventory system, the inventory system shows the real-time selling of inventories. Purchasing merchandise on account means no cash has been paid and a liability is existed. To record the transaction, the following journal entry will require in the book of X-Mart-

Debit    Merchandise Inventory    $300

Credit               Accounts payable          $300

3 0
3 years ago
Read 2 more answers
Other questions:
  • MC Qu. 142 Memphis Company anticipates total... Memphis Company anticipates total sales for April, May, and June of $840,000, $9
    7·1 answer
  • What to do if you lose your planet fitness card?
    6·1 answer
  • A Treasury bond that settles on August 10, 2016, matures on September 27, 2021. The coupon rate is 4.6 percent and the quoted pr
    13·1 answer
  • Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he
    6·1 answer
  • Managers transform a portion of organizational resources into appropriate organization member behavior mainly by performing acti
    11·1 answer
  • Need help in personal finance.
    12·1 answer
  • A portfolio consists of three index funds: an equity index, a bond index, and an international index. The portfolio manager chan
    5·1 answer
  • On October 10, Jayson Company receives an order for a $700 TV which it will deliver to the customer on October 17. The customer
    11·2 answers
  • Your hypothesis is that "Quarterly maintenance of plant machinery will reduce the number of product defects except when worker r
    15·1 answer
  • due to a recession, lauren was laid off by her organization. to avoid having lauren and other laid-off workers stop spending mon
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!