Café Creations Inc

question 69

Multiple Choice

Café Creations Inc. has net cash flow from financing activities for the last year of $25 million. The company paid $15 million in dividends last year. During the year, the change in notes payable on the balance sheet was a decrease of $40 million, and change in common and preferred stock was an increase of $50 million. The end of year balance for long-term debt was $40 million. What was their beginning of year balance for long-term debt?

• A) $10 million
• B) $20 million
• C) $30 million
• D) $40 million

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Savage physical violence; great cruelty.

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