Dogs 4 U Corporation has net cash flow from financing activities for the last year of $10 million. The company paid $8 million in dividends last year. During the year, the change in notes payable on the balance sheet was $9 million, and change in common and preferred stock was $0 million. The end of year balance for long-term debt was $44 million. Calculate the beginning of year balance for long-term debt.

The beginning year balance of Long- term debt was $35 million. The same was calculated by reversing the calculation of calculating cash flow from financing activities.

Cash flow from financing activities:

Cash flow from financing activities is a part of a company's cash flow statement. The cash flow from financing activities reflects the cash flow of the funds that are used in financing the company.

Cash flow from financing activities adds cash proceeds from the loan, issue of shares, debentures or bonds, and so on whereas it subtracts the payment of dividend, repayment of the loan, the redemption of securities, and similar transactions.

To calculate the cash flow from financing activities, the cash inflows are added and cash outflows are deducted relating to financing activities.

The calculation of the beginning balance of the long-term debt is as follows:

Payment of dividend ($8 million)

Change in notes payable $9 million

Year-end balance of long-term debt $44 million

Beginning balance of long-term debt ($ million)

Cash flow from financing activities $10 million

Therefore beginning of year balance of long-term debt is $35 million calculated as:

Let X be the beginning balance of long-term debt. Assume the amounts in $ million.

-$8 + $9 + $44 + $X = $ 10

$45 + $ X = $ 10

$X = $45 - $ 10

$X = $ 35million

Thus the beginning balance of long-term debt is $35 million.

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