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BARSIC [14]
2 years ago
5

Acheron Co.'s December 31, Year 1, balance sheet contained the following items in the long-term liabilities section: Unsecured 5

.375% registered bonds ($25,000 maturing annually beginning in Year 4) $550,000 6.5% convertible bonds, callable beginning in Year 10, due Year 21 $225,000 Secured 4.875% guaranty security bonds, due Year 21 $500,000 5.0% commodity-backed bonds ($50,000 maturing annually beginning in Year 5) $150,000 What are the total amounts of term bonds and debenture bonds
Business
2 answers:
Butoxors [25]2 years ago
4 0

Answer:

Term bond $725,000

Debenture bonds $775,000

Explanation:

Calculation to determine the total amounts of term bonds and debenture bonds

TERM BONDS

6.5% unsecured convertible bonds of $225,000

Add 4.875% guaranty secured bonds of $500,000

TOTAL term bond total $725,000

($225,000+$500,00

DEBENTURE BONDS

5.375% registered bonds of $550,000

Add 6.5% convertible bonds of $225,000,

TOTAL Debenture bonds $775,000

($550,000+$225,000)

Therefore the total amounts of term bonds will be $725,000 and debenture bonds will be $775,000

Olenka [21]2 years ago
4 0

Answer:

the total amount bond is $775,000 and the debenture bond will be $775,000

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2 years ago
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Answer:

The correct answer is option C.

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Adam, the owner of The Toy Box (a toy store), has chosen his products carefully. They are all handmade of wood; none are cheap g
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8 0
3 years ago
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