1. The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $890,000 in the common stock account and $6.45 million in the additional paid-in surplus account. The 2009 balance sheet showed $945,000 and $8.45 million in the same two accounts, respectively. If the company paid out $680,000 in cash dividends during 2009, What was the cash flow to stockholders for the year?
$-1,375,000
$1,375,000
$265,000
$8,715,000
$210,000
2. Financial planning increases in importance as your salary increases.
1. True
2. False