Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,400 million on July 1, 2021, at a price of $1,370 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, 2021, if it uses the indirect method? (List any cash outflows with a minus sign. Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)

Q: On January 1, 2018, CHE Co. purchased 12% bonds, having a maturity value of P800,000, for P860,652…

A:

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,400 million on…

A: The journal entries are prepared to keep the record of day to day transactions of the business. The…

Q: On January 1, 2021, Mania Enterprises issued 16% bonds dated January 1, 2021, with a face amount of…

A: Coupon rate per period (16%/2) 8.00% Face value of bond  $    30,000,000 Market rate per period…

Q: On January 1, 2021, Bishop Company issued 8% bonds dated January 1, 2021, with a face amount of…

A: The effective interest technique appears to be a financial accounting technique for amortizing or…

Q: On January 1, 2021, for $18 million, BBCompany issued 10% bonds, dated January 1, 2021, with a face…

A: Effective interest method: The method of amortization that uses fixed interest rate (effective…

Q: On January 1, 2018, Darnell Window and Pane issued $18 million of 10-year, zero-coupon bonds…

A: 1.

Q: On January 1,2019, ABC Corporation issued a 5-year, 12%, 1,000 of the P 5,000 face value bonds with…

A: market value of bond= present value of future payments@YTM

Q: Myriad Solutions, Inc. issued 14% bonds, dated January 1, with a face amount of $410 million on…

A: Bonds payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: On March 1, 2016, VICO Corporation issued at 103 plus accrued interest, 1,000 of its 9%, P1,000…

A: Bonds are a form of loan or debt that is being issued by the company, on which regular interest…

Q: The balance sheet at December 31, 2021, for Nevada Harvester Corporation Includes the liabilitiles…

A: SOLUTION- CLASSIFIED BALANCE SHEET-  IT IS A FINANCIAL STATEMENT PORTRAYING FINANCIAL POSITION OF…

Q: On January 1, 2018, Baddour, Inc., issued 10% bonds with a face amount of $160 million. The bonds…

A: Requirement 1:   Compute the amount of liability.

Q: On March 1, 2018, Baddour, Inc., issued 10% bonds, dated January 1, with a face amount of $160…

A:

Q: On January 1, 2021, Instaform, Inc., issued 10% bonds with a face amount of $52 million, dated…

A: Bonds payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: As a long-term investment, Camex Inc. paid $800,000 (par value) for Simple Bank bonds. The bonds pay…

A: A journal entry is the recording of financial transactions of business entity in the books of…

Q: On March 1, 2014, Khaleesi Company issued 10-year P5,000,000 8% term bonds dated March 1, 2014 and…

A: Unamortized discount on bonds payable of 333,906

Q: Inc., issued $ 20,000,000. of bonds, which have a ten year term and a contract or payment interest…

A: Computation paid to bond holders =face value of Bond ×Contract interest rate ×612…

Q: On April 1, 2011, Gina Company issued at 99 plus accrued interest, 2,000 of its 8% P1,000 face value…

A: Net cash received from bonds issue = Issue price of the bonds + Accrued interest on the bonds where,…

Q: On July 1, 2020, ZZZ Inc. issues $100,000 face value, 7% semiannual coupon bonds maturing in 10…

A: Cash flows from operating activities: It is a section of Statement of cash flow that explains the…

Q: 1. Calculate the issue price of the corporate bonds of Evermaster on May 1, 2022 2. Prepare a…

A: 20 Corporate Bond Face Value of Each Bond  $       1,00,000 Maturity  5 years Coupon Rate (…

Q: On July 1, 2012, Beta Inc. issues $3,000,000 face value seven-year bonds with annual interest…

A: Cash Flow at the time of maturity = $3000000 Interest (Annuity) annually = $150000 Table…

Q: On January 1, 2021, BLITZEN Company issued 10% bonds dated January 1, 2021 with a face amount of…

A: Issue Price of the bonds = Present value of principal + Present value of interest payments = face…

Q: On January 1, 2021, Sheridan Co. issued ten-year bonds with a face value of $4,500,000 and a stated…

A: Bonds are instrument issued by company acknowledging the debt raised by company . It is a liability…

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July…

A:

Q: Most Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $640 million on…

A:

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July…

A:

Q: Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on…

A: Bond is a financial instrument to raise funds. The company issues bonds to raise an amount of money…

Q: On January 1, 2021, BLITZEN Company issued 10% bonds dated January 1, 2021 with a face amount of…

A: Given information Face value of bond = P 8,000,000 Life of bond = 6 years Number of periods = 6 x…

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July…

A: Journal Entries at the time of issuance of bonds: Date    Account title Debit Credit July 1.…

Q: Myriad Solutions, Inc. issued 10% bonds, dated January 1, with a face amount of $320 million on…

A: Complete the table below to calculate the amounts related to the bonds that Myriad would report in…

Q: On January 1, 2019, Bota Company issued a 3-year bonds with a face value of P5,000,000 at 99. The…

A: The yield is the rate at which the present value of the coupons and the redemption amount is equal…

Q: On January 1, 2020, ABC Company issued its 9%, P2 million bonds, which mature on January 1, 2030.…

A: Date  Account Titles & Explanation   Debit   Credit  January 1, 2020  Cash   P18,78,000…

Q: Please I want answer for this question of Multiple Choice

A: Bond issued on January 1, 2012 for 410,000 Face value is 450,000

Q: Sheridan Industries, Inc. issued $13,500,000 of 8% debentures on May 1, 2020 and received cash…

A: Bonds: It is the fixed income security and created for the purpose of raising capital. They are…

Q: Karen Austin Inc. has issued three types of debt on January 1, 2020, the start of the company's…

A: Step 1: a. Prepare the schedule for unsecured bonds as follows: Here, the PVIFA of 23.1148 has been…

Q: On January 1, 2021, GLITTER Company issued 10% bonds dated January 1, 2021 with a face amount of…

A: Half year coupon rate=10%2=5%

Q: On January 1, 2021, Darnell Window and Pane issued $18 million of 10 year, zero-coupon bonds for…

A:

Q: Spiller Corp. plans to issue 10%, 15-year, $500,000 par value bonds payable that pay interest…

A: The calculation is under step 2.

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,300 million on…

A: Statement of cash flow under indirect method requires adjustment for Non cash items.  In case of…

Q: Myriad Solutions, Inc. issued 10% bonds, dated January 1, with a face amount of $320 million on…

A: 1.Net amount of liability reported in balance sheet of December 31,2021:

Q: On February 1, 2021, Cromley Motor Products issued 10% bonds, dated February 1, with a face amount…

A: Comments; since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: Pronghorn Inc. has issued three types of debt on January 1, 2020, the start of the company’s fiscal…

A: Bonds payable: It is a long term liability to the organization issuing it. It is issued to raise…

Q: Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July…

A: Working notes:

Q: On February 1, 2021, Cromley Motor Products issued 8% bonds, dated February 1, with a face amount of…

A: Given that: Face value of bonds = $75 million Coupon rate = 8%

Q: Karen Austin Inc. has issued three types of debt on January 1, 2020, the start of the company’s…

A: Unsecured bonds refers to those bonds which are not secured by a specific form of an asset, but…

Q: On January 1, 2018, Ellison Co. issued 8-year bonds with a face value of $300,000 and a stated…

A: The value of bonds are determined and based on the market rate of interest. Sometimes, the…

Q: Oriole Industries, Inc. issued $17,700,000 of 8% debentures on May 1, 2020 and received cash…

A: A bond is a fixed pay instrument issued to represents to an advance made by a financial specialist…

Q: On November 1, 2021, Mason Company issued P8,000,000 of its 10 year, 8% term bonds dated October 1,…

A: Total interest accrued for the period ending July 31, 2022 = Face value of bonds x rate of interest…

Q: Oriole Industries, Inc. issued $17,700,000 of 8% debentures on May 1, 2020 and received cash…

A: Bond discount is the amount by which the selling price (or issue price or market price) of the bond…