Statement of Cash Flows Full Moon Productions Inc

question 113

Multiple Choice

Statement of Cash Flows Full Moon Productions Inc.has net cash flow from financing activities for the last year of $105 million.The company paid $15 million in dividends last year.During the year,the change in notes payable on the balance sheet was an increase 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 $50 million.What was their beginning of year balance for long-term debt?

• A)$5 million
• B)$20 million
• C)$30 million
• D)$35 million

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