Arthur Enterprises had the following long-term debt: Sinking fund bonds, maturing in installments .......... $1,200,000 Industrial revenue bonds, maturing in installments .... 800,000 Subordinated bonds, maturing on a single date ......... 1,500,000 The total of the serial bonds amounted to
a. $900,000.
b. $1,500,000.
c. $2,000,000.
d. $2,400,000.
C
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