Statement of Cash Flows Full Moon Productions Inc.has net cash flow from financing activities for the last year of $105 million.The company paid $15 million in dividends last year.During the year,the change in notes payable on the balance sheet was an increase of $40 million,and change in common and preferred stock was an increase of $50 million.The end of year balance for long-term debt was $50 million.What was their beginning of year balance for long-term debt?
A)$5 million
B)$20 million
C)$30 million
D)$35 million

Question

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The Answer of Statement of Cash Flows Full Moon Productions Inc.has net cash flow from financing activities for the last year of $105 million.The company paid $15 million in dividends last year.During the year,the change in notes payable on the balance sheet was an increase of $40 million,and change in common and preferred stock was an increase of $50 million.The end of year balance for long-term debt was $50 million.What was their beginning of year balance for long-term debt?
A)$5 million
B)$20 million
C)$30 million
D)$35 million