Statement of cash flows for year ended October 31, 2013
Pujols would report the cash inflow of $42,000,000*** from the sale of the bonds as a cash flow from financing activities in its statement of cash flows. The accrued interest portion of the cash receipt was paid on June 30 and is part of the cash outflow from operating activities (below).
The $2,400,000 cash interest paid* is cash outflow from operating activities because interest is an income statement (operating) item.
Calculations:

Question

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The Answer of Statement of cash flows for year ended October 31, 2013
Pujols would report the cash inflow of $42,000,000*** from the sale of the bonds as a cash flow from financing activities in its statement of cash flows. The accrued interest portion of the cash receipt was paid on June 30 and is part of the cash outflow from operating activities (below).
The $2,400,000 cash interest paid* is cash outflow from operating activities because interest is an income statement (operating) item.
Calculations:

Statement of Cash Flows for Year Ended October 31, 2013