Full Moon Productions Inc

question 98

Multiple Choice

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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Definitions:

Human Resource Departments

Divisions within organizations responsible for managing employee-related processes like hiring, training, benefits, and compliance.

Outplacement Services

Support and assistance provided by an employer to help former employees transition to new jobs following layoffs or job loss.

Outsourcing

The practice of hiring external firms to handle work typically performed within a company, often to cut costs.

Personnel Department

The division within an organization responsible for managing human resources and staff-related issues, now more commonly referred to as Human Resources.