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Problem 2-30 Statement of Cash Flows (LG2-5) Dogs 4 U Corporation has net cash flow from financing activities for the last year of $30 million.
Problem 2-30 Statement of Cash Flows (LG2-5)
Dogs 4 U Corporation has net cash flow from financing activities for the last year of $30 million. The company paid $170 million in dividends last year. During the year, the change in notes payable on the balance sheet was $35 million and change in common and preferred stock was $0. The end-of-year balance for long-term debt was $300 million.
Calculate the beginning-of-year balance for long-term debt.(Enter your answer in millions of dollars.)
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