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On July 1, 2020, ZZZ Inc. issues $100,000 face value, 7% semiannual coupon bonds maturing in 10 years. The bonds pay interest on June 30
On July 1, 2020, ZZZ Inc. issues $100,000 face value, 7% semiannual coupon bonds maturing in 10 years. The bonds pay interest on June 30 and December 31 of each year. The market initially prices these bonds at $107,439, to yield 6% compounded semiannually. Assuming that ZZZ Inc. uses the direct method of reporting cash from operations, what amount related to these bonds would ZZZ Inc. report in the cash from operations section of its cash flow statement for the year ending December 31, 2020?
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