The December 31, 2013, balance sheet of Schism, Inc., showed $141,000 in the com

Question

The December 31, 2013, balance sheet of Schism, Inc., showed $141,000 in the common stock account and $2,660,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed $151,000 and $2,960,000 in the same two accounts, respectively. If the company paid out $146,000 in cash dividends during 2014. (Enter your answer as directed, but do not round intermediate calculations.)

What was the cash flow to stockholders for the year? (Negative amount should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).)

The December 31, 2013, balance sheet of Schism, Inc., showed $141,000 in the common stock account and $2,660,000 in the additional paid-in surplus account. The December 31, 2014, balance sheet showed $151,000 and $2,960,000 in the same two accounts, respectively. If the company paid out $146,000 in cash dividends during 2014. (Enter your answer as directed, but do not round intermediate calculations.)

Explanation / Answer

Schism inc Amt $ a Divindend Paid in 2014           146,000 b Ending Balance Common stock 2014           151,000 c less Opening Balance Common stock 2015        (141,000) d Cash Outflow from Equity shareholders as par value             10,000 e Ending Balance Addnl paid in surplus 2014       2,960,000 f Less : Opening Balance Addnl paid in surplus 2014     (2,660,000) g Cash Outflow from Equity shareholders as Addl paid is surplus           300,000 i Net Cash flow to stockholders=a-d-g= $    (164,000)

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