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Agee Technology, Incorporated, issued 9% bonds, dated January 1, with a face amount of $1,200 million on July 1, 2024, at a price of $1,180
Agee Technology, Incorporated, issued 9% bonds, dated January 1, with a face amount of $1,200 million on July 1, 2024, at a price of $1,180 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 31,2024 , if it uses the indirect method? Note: List any cash outflows 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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