Reference no: EM132578184
The statement of financial position of Denver Company at December 31,2015 showed, among others, the following items under its liabilities section:
- 10% mortgage bond due P500,000 annually beginning October 1, 2016 P2,000,000
- 12% convertible bonds, due on June 30, 2018
(Each P1, 000 bond is convertible into 10, P100 par ordinary shares) 1,500,000
- 10% collateral trust bonds due on July 16,2017 3,000,000
QUESTION 1: How much are Denver Company's total debenture bonds and serial bonds, respectively?__________
a. P 4,500,000 and P 2,000,000
b. P 1,500,000 and P 2,000,000
c. P 1,500,000 and P 3,000,000
d. P 0 and P 2 ,000,000