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
Correct Answer:
Verified
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