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.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
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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