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Determine the total amount of debenture bonds outstanding

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Reference no: EM132642458

Problem 1: In the long-term debt structure of Sarah's Pies Inc., the following three bonds were reported: mortgage bonds payable $25,000,000; collateral trust bonds $17,500,000; bonds maturing in installments, and bonds secured by plant equipment valued at $2,225,000. Determine the total amount, if any, of debenture bonds outstanding.

Reference no: EM132642458

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