Blue Company reported the following financial liabilities on December 31, 2020: 9% debentures, callable in 2021, due in 2022 11% collateral trust bonds, convertible into share capital beginning in 2021, due in 2022 10% debentures, P300,000 maturing annually 3,500,000 3,000,000 1,500,000 What is the total amount of term bonds? 3,000,000 b. a. 3,500,000 5,000,000 d. 6,500,000 с.
Blue Company reported the following financial liabilities on December 31, 2020: 9% debentures, callable in 2021, due in 2022 11% collateral trust bonds, convertible into share capital beginning in 2021, due in 2022 10% debentures, P300,000 maturing annually 3,500,000 3,000,000 1,500,000 What is the total amount of term bonds? 3,000,000 b. a. 3,500,000 5,000,000 d. 6,500,000 с.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Problem 5-9 (AFCPA Adapted)
Blue Company reported the following financial liabilities
on December 31, 2020:
9% debentures, callable in 2021, due in 2022
11% collateral trust bonds, convertible into share
capital beginning in 2021, due in 2022
10% debentures, P300,000 maturing annually
3,500,000
3,000,000
1,500,000
What is the total amount of term bonds?
3,000,000
b.
a.
3,500,000
5,000,000
d.
с.
6,500,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8a6638e8-9a88-47b7-bd05-274969a07752%2Fc0ebc7a3-5508-4a9a-972e-0d412a3bae5d%2F9ljn0zv6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 5-9 (AFCPA Adapted)
Blue Company reported the following financial liabilities
on December 31, 2020:
9% debentures, callable in 2021, due in 2022
11% collateral trust bonds, convertible into share
capital beginning in 2021, due in 2022
10% debentures, P300,000 maturing annually
3,500,000
3,000,000
1,500,000
What is the total amount of term bonds?
3,000,000
b.
a.
3,500,000
5,000,000
d.
с.
6,500,000
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