the problem is in the image Transcribed Image Text: d. 11% convertible bonds, callable liabilities on December 31, 2020: Hancock Company reported the following noncurrent

the problem is in the image Transcribed Image Text: d.
11% convertible bonds, callable
liabilities on December 31, 2020:
Hancock Company reported the following noncurrent
9% registered bond, P250,000 maturing annually
Problem 5-10 (AICPA Adapted)
on December 31, 2020:
Unsecured
beginning in 2021
2,750,000
beginning in 2021, due 2022
1,250,000
Secured
12% guaranty security bonds, due 2022
10% commodity backed bonds, P500,000
maturing annually beginning in 2021
2,500,000
2,000,000
1. What total amount of serial bonds should be reported?
a. 4,750,000
b. 3,750,000
c. 4,500,000
d. 2,000,000
2. What is the total amount of debenture bonds?
a. 4,000,000
b. 1,250,000
c. 6,500,000
d. 6,000,000
189

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