The December 31, 2018, balance sheet of Whelan, Inc., showed $136,000 in the common stock account and $2,610,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $146,000 and $2,910,000 in the same two accounts, respectively. The company paid out $141,000 in cash dividends during 2019.
What was the cash flow to stockholders for the year?
Equity = Common stock + Additional paid in surplus
Total equity at beginning= Common stock + Additional paid in surplus
Total equity at end= Common stock + Additional paid in surplus
Hence new equity = Total equity at End - Total equity at beginning
Cash flow to stockholders = Dividends paid - New equity
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