Business, 25.02.2020 02:22 queenskyyt

Hurricane Industries had a net income of $129,650 and paid 40 percent of this amount to shareholders in dividends. During the year, the company sold $80,250 in new common stock. What was the company's cash flow to stockholders?

a. 28390
b. 49400
c. -28390
d. 51860

Answers: 1

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Hurricane Industries had a net income of $129,650 and paid 40 percent of this amount to shareholders...