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Full Moon Productions Inc

question 98

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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?

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Definitions:

Intoxicated Persons

Individuals under the influence of alcohol or drugs to a degree that significantly impairs their judgment, behavior, and functionality.

Contractual Capacity

The legal ability of a person or entity to enter into a binding contract.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to streamline and harmonize the laws of sales and other commercial transactions across states.

Good Faith Purchaser

An individual who buys property without knowledge of any existing claims, disputes, or encumbrances against it, thereby acquiring legal protection for their purchase under certain conditions.

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