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Submit 5 4 points eBook Print References Most Solutions, Inc., issued 14% bonds, dated January 1, with a face amount of $830 million on
Submit 5 4 points eBook Print References Most Solutions, Inc., issued 14% bonds, dated January 1, with a face amount of $830 million on January 1, 2016 The bonds mature in 2026 (10 years). For bonds of similar risk and maturity the market yield is 16% 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, 2016 Cash (price) Discount on bonds (difference) Bonds payable (face amount) 734,795,680 95,204,320 830,000,000 Check my work 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, 2016? (List any cash outflow with a minus sign. Enter your answers in whole dollars.) Cash outflow from operating activities Cash inflow from financing activities
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