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Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,400 million on July 1, 2021, at a pric
Posted: Mon May 30, 2022 6:59 am
by answerhappygod
- Agee Technology Inc Issued 9 Bonds Dated January 1 With A Face Amount Of 1 400 Million On July 1 2021 At A Pric 1 (40.65 KiB) Viewed 21 times
Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,400 million on July 1, 2021, at a price of $1,370 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semi-annually on June 30 and December 31. Required: What would be the amount(s) related to the bonds that Agee would report in its
statement of cash flows for the year ended December 31, 2021, if it uses the indirect method? (List any cash outflows with a minus sign. Enter your answer in millions rounded to 1 decimal place (1.e., 5,500,000 should be entered as 5.5).) Answer is complete but not entirely correct. ($ in millions) Operating Activities: Positive adjustment to net income Cash inflow from financing activities $ S 81.7 x 1.370.0