The 2021 balance sheet of The Cmart Store showed $800,000 in the common stock account and $6.7 million in the additional paid-in surplus account. The 2022 balance sheet showed $872,000 and $8 million in the same two accounts, respectively. The company paid out $600,000 in cash dividends during 2022. What is the cash flow to stockholders for 2022?
Added by Francisco Javier P.
Step 1
Change in common stock = $872,000 - $800,000 = $72,000 Change in additional paid-in surplus = $8,000,000 - $6,700,000 = $1,300,000 Show more…
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