Statement of Cash Flows Café Creations Inc

question 49

Multiple Choice

Statement of Cash Flows 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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Definitions:

Denial

Denial is a psychological defense mechanism where an individual refuses to accept reality or facts, often to protect themselves from facing uncomfortable truths or emotions.

Having An Affair

Engaging in a romantic or sexual relationship with someone other than one’s spouse or partner.

Defense Mechanism

Psychological strategies used unconsciously to protect oneself from anxiety arising from unacceptable thoughts or feelings.

Denial

A defense mechanism where a person refuses to accept reality or facts, effectively blocking external events from awareness.