Reference no: EM132799103
Question - CDE Company had the following long-term debt:
Bonds maturing in installments, secured by machinery 1,650,000
Bonds maturing on a single date, secured by realty 2,700,000
Collateral trust bonds, due in 2017 3,300,000
Unsecured Sinking Fund Bonds, maturing in installment 1,500,000
Mortgage Bonds, maturing in installment 2,100,000
Collateral Trust Bonds, maturing in installment 1,350,000
Debenture Bonds, maturing on a single date 1,950,000
9% debentures, callable in 2016, due in 2017 5,250,000
11% Collateral Trust bonds, convertible into share capital beginning 2016, due in 2017 4,800,000
10% debentures, P300,000 maturing annually 2,250,000
Subordinated Bonds, maturing on a single date, secured by realty 3,375,000
Secured 12% guaranty security bonds, due 2017 3,750,000
Secured 10% commodity backed bonds, P500,000
maturing annually beginning in 2016 3,000,000
Unsecured 9% registered bond, P250,000 maturing annually beginning 2016 4,125,000
Unsecured 11% convertible bonds, callable beginning in 2016, due in 2017 1,875,000
Industrial Bonds maturing in installment, secured by equipment 2,625,000
1. What is the total amount of term bonds?
a. P18,600,000
b. P28,650,000
c. P16,950,000
d. P27,000,000
e. None of the choices
2. What is the total amount of debenture bonds?
a. P18,600,000
b. P28,650,000
c. P16,950,000
d. P27,000,000
e. None of the choices