Question: Most Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $720 million on January 1,2021 . The bonds mature in 2031
Most Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $720 million on January 1,2021 . The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31 . Most recorded the sale as follows: Required: What would be the amount(s) related to the bonds that Most would report in its statement of cash flows for the year ended December 31,2021 ? (List any cash outflow with o minus sign. Enter your answers in whole dollers.)
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