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Most Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $640 million on January 1, 2011. The bonds mature in 2021 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31. Most recorded the sale as follows:
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 31,2011?
accountants and other members of the management team searching for means of understanding and improving standard
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