Dogs 4 U Corporation has net cash flow from financing activities for the last year of $36 million. The company paid $182 million in dividends last year. During the year, the change in notes payable on the balance sheet was $41 million and change in common and preferred stock was $0. The end-of-year balance for long-term debt was $330 million. Calculate the beginning-of-year balance for long-term debt. (Enter your answer in millions of dollars.)
Dogs 4 U Corporation has net cash flow from financing activities for the last year of $36 million. The company paid $182 million in dividends last year. During the year, the change in notes payable on the balance sheet was $41 million and change in common and preferred stock was $0. The end-of-year balance for long-term debt was $330 million. Calculate the beginning-of-year balance for long-term debt. (Enter your answer in millions of dollars.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Dogs 4 U Corporation has net cash flow from financing activities for the last year of $36
million. The company paid $182 million in dividends last year. During the year, the
change in notes payable on the balance sheet was $41 million and change in common
and preferred stock was $0. The end-of-year balance for long-term debt was $330
million. Calculate the beginning-of-year balance for long-term debt. (Enter your answer
in millions of dollars.)
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