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26. Blue Corp.'s December 31, 1991, balance sheet contained the following items in the long-term liabilities section: 94% registered debentures, callable in 2002, due in
26. Blue Corp.'s December 31, 1991, balance sheet contained the following items in the long-term liabilities section: 94% registered debentures, callable in 2002, due in 2007 $700,000 97% collateral trust bonds, convertible into common stock beginning in 2000, due in 2010 600,000 10% subordinated debentures ($30,000 maturing annually beginning in 1997) 300,000 What is the total amount of Blue's term bonds? a. $600,000 b. $700,000 c. $1,000,000 d. $1,300,000 27. Hancock Co.'s December 31, 1990, balance sheet contained the following items in the long-term liabilities section: Unsecured 9.375% registered bonds ($25,000 maturing annually beginning in 1994) 11.5% convertible bonds, callable beginning in 1999, due 2010 $275,000 125,000 $250,000 Secured 9.875% guaranty security bonds, due 2010 10.0% commodity backed bonds ($50,000 maturing annually beginning in 1995) 200,000
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