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Statement of Cash Flows Crispy Corporation has net cash flow from financing activities for the last year of $20 million.The company paid $5 million in dividends last year.During the year,the change in notes payable on the balance sheet was an increase of $2 million,and change in common and preferred stock was an increase of $3 million.The end of year balance for long-term debt was $45 million.What was their beginning of year balance for long-term debt?
Mortgage Broker
A professional intermediary who helps borrowers find the best mortgage deals by comparing offers from different lenders.
Effective Rate of Interest
The actual rate of interest earned or paid on an investment or loan, accounting for the effect of compounding.
Nominal Interest Rate
The rate of interest before adjustment for inflation, representing the face value of financial transactions.
Per Quarter
A term indicating events or measurements that occur or are calculated every three months.
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