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How much are denver company total debenture bonds

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Reference no: EM132578052

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?

Option a. P 4,500,000 and P 2,000,000

Option b. P 1,500,000 and P 2,000,000

Option c. P 1,500,000 and P 3,000,000

Option d. P 0 and P 2 ,000,000

Reference no: EM132578052

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