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Most Solutions, Incorporated, issued 10% bonds, dated January 1 , with a face amount of $640 million on January 1,2024 . The bonds mature in
Most Solutions, Incorporated, issued 10% bonds, dated January 1 , with a face amount of $640 million on January 1,2024 . The bonds mature in 2034 (10 years). For bonds of similar risk and maturity the market yield is 12%. 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: January 1,2024 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 31,2024? Note: Cash outflows should be indicated with a minus sign. Enter your answers in whole dollars and not in millions
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