Hancock Co.’s December 31, 2006 balance sheet contained the following items in the long-term liabilities section:
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|
Unsecured |
|
|
9.375% registered bonds ($25,000 maturing annually beginning in 2010) |
$275,000 |
|
11.5% convertible bonds, callable beginning in 2014, due 2026 |
125,000 |
|
Secured |
|
|
9.875% guaranty security bonds, due 2026 |
$275,000 |
|
10.0% commodity backed bonds ($50,000 maturing annually beginning in 2011) |
200,000 |
What are the total amounts of serial bonds and debenture bonds?
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|
Serial bonds |
Debenture bonds |
|
|
a. |
$475,000 |
$400,000 |
|
b. |
$475,000 |
$125,000 |
|
c. |
$450,000 |
$400,000 |
|
d. |
$200,000 |
$650,000 |