Interest expense on Bond =$1,810 million*10%*6/12 =$90.5 million | |
Interest paid in cash =$1,840 milloin*9%*6/12 =$82.8 million | |
Amortization of Discount on Bond =$90.5 million - $82.8 million =$7.7 million | |
Description | ($ in millions) |
Operating Activities:Positive adjustment to net income | $ 7.7 |
Cash Inflow from operating activities | $ 1,810.0 |
Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $1,840 million...
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