Calculate the beginning-of-year balance for long term debt

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Reference no: EM131821867

Dogs 4 U Corporation has net cash flow from financing activities for the last year of $47 million. The company paid $204 million in dividends last year. During the year, the change in notes payable on the balance sheet was $52 million and change in common and preferred stock was $0. The end-of-year balance for long term debt was $385 million.

Calculate the beginning-of-year balance for long term debt.

Reference no: EM131821867

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