Question: 1. Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,400 million on July 1, 2016, at a price of

1.

Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,400 million on July 1, 2016, at a price of $1,370 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31

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, 2016, if it uses the indirect method? (List any cash outflows with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).

2.

Carter Containers sold marketable securities, land, and common stock for $26.0 million, $16.5 million, and $40.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $13.0 million, $24.5 million, and $12.8 million, respectively.

What amount should Carter report as net cash from investing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

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