The Daily News Had Net Income of $121,600 of Which

question 13

Multiple Choice

The Daily News had net income of $121,600 of which 40 percent was distributed to the shareholders as dividends.During the year,the company sold $75,000 worth of common stock.What is the cash flow to stockholders?

• A)-$75,000
• B)-$26,360
• C)-$2,040
• D)$123,640
• E)$147,960

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