Agee Technology, Ic., issued 9% bonds, dated January 1, with a face amount of $800 million...

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Agee Technology, Ic., issued 9% bonds, dated January 1, with a face amount of $800 million on July 1, 2021, at a price of $780 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semi-annually on June 30 and December 31. Required: What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2021, if it uses the indirect method? (List any cash outflows with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Answer is complete but not entirely correct. ($ in millions) 780.0 O Cash outflow from investing activities Cash outflow from investing activities (72.0) Cash inflow from financing activities 708.0 On January 1, 2021, the Merit Group issued to its bank a $40 million, five-year installment note to be paid in five equal payments at the end of each year. Installment payments of $9.756 million annually include interest at the rate of 7.0%. Required: What would be the amount(s) related to the note that Merit would report in its statement of cash flows for the year ended December 31, 2021? (List each cash flow separately. List any cash outflows with a minus sign. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) Answer is not complete. ($ in millions) Cash inflow from investing activities $ (8.00) Cash inflow from operating activities $ 1.60 Cash outflow from investing activities Agee Technology, Ic., issued 9% bonds, dated January 1, with a face amount of $800 million on July 1, 2021, at a price of $780 million. For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semi-annually on June 30 and December 31. Required: What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2021, if it uses the indirect method? (List any cash outflows with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Answer is complete but not entirely correct. ($ in millions) 780.0 O Cash outflow from investing activities Cash outflow from investing activities (72.0) Cash inflow from financing activities 708.0 On January 1, 2021, the Merit Group issued to its bank a $40 million, five-year installment note to be paid in five equal payments at the end of each year. Installment payments of $9.756 million annually include interest at the rate of 7.0%. Required: What would be the amount(s) related to the note that Merit would report in its statement of cash flows for the year ended December 31, 2021? (List each cash flow separately. List any cash outflows with a minus sign. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).) Answer is not complete. ($ in millions) Cash inflow from investing activities $ (8.00) Cash inflow from operating activities $ 1.60 Cash outflow from investing activities

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Answer 1 Cash flow statements are the statements that determine the inflow and outflow of cash It is ... View the full answer