Question
Hancock Co.s December 31, Year 4, balance sheet contained the following items in the long-term liabilities section: Unsecured 9.375% registered bonds ($25,000 maturing annually beginning
Hancock Co.s December 31, Year 4, balance sheet contained the following items in the long-term liabilities section:
Unsecured | ||
| ||
9.375% registered bonds ($25,000 maturing annually beginning in Year 8) | $275,000 | |
11.5% convertible bonds, callable beginning in Year 13, due Year 24 | 125,000 | |
Secured | ||
| ||
9.875% guaranty security bonds, due Year 24 | $250,000 | |
10.0% commodity backed bonds ($50,000 maturing annually beginning in Year 8) | 200,000 |
What are the total amounts of serial bonds and debenture bonds?
Serial Bonds | Debenture Bonds | ||
| |
A
$475,000 | $400,000 |
B
$475,000 | $125,000 |
C
$200,000 | $650,000 |
D
$450,000 | $400,000 |
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