Business, 13.02.2020 21:00, katherinelondon4002

The Daily News had net income of $121,600, of which, 40% was distributed to the shareholders as dividends. During the year, the company sold $75,000 worth of common stock. According to the cash flow from assets (CFFA), what is the cash flow to stockholders?
A. -$75,000
B. -$26,360
C. -$2,040
D. $123,640
E. $147,960

Answers: 2

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The Daily News had net income of $121,600, of which, 40% was distributed to the shareholders as divi...