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Corporation has net cash flow from financing activities for the last year of $44 million. The company paid $198 million in dividends last year. During
Corporation has net cash flow from financing activities for the last year of $44 million. The company paid $198 million in dividends last year. During the year, the change in notes payable on the balance sheet was $49 million and change in common and preferred stock was $0. The end-of-year balance for long-term debt was $370 million.
Calculate the beginning-of-year balance for long-term debt. (Enter your answer in millions of dollars.) |
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