500 16,000. $7,000 Question 13 Secured bonds: Are called debentures Have specific assets of the issuing company pledged as collateral Are backed by the issuer's bank Are subordinated to those of other unsecured abilities Are the same as sinking fund bonds subordinated to those of other unsecured liabilities are the same as sinking fund bonds Question 14 The carrying value of bonds at maturity always equals y the amount of cash originally received in exchange for the bonds the par value of the bond. the amount of discount or premium the amount of cash originally received in exchange for the bod premium the amount in excess of par vale. lo