D is corrent. Serial bonds are bond issues that mature in installments. Therefore, the total of the serial bonds is $2,000,000 ($1,100,000 + $900,000). The bonds which mature on a single date ($1,500,000) are called term bonds.
A is incorrect. Serial bonds are bond issues that mature in installments. Therefore, the total of the serial bonds is $2,000,000 ($1,100,000 + $900,000). The bonds which mature on a single date ($1,500,000) are called term bonds.
A is incorrect. Serial bonds are bond issues that mature in installments. Therefore, the total of the serial bonds is $2,000,000 ($1,100,000 + $900,000). The bonds which mature on a single date ($1,500,000) are called term bonds.
A is incorrect. Serial bonds are bond issues that mature in installments. Therefore, the total of the serial bonds is $2,000,000 ($1,100,000 + $900,000). The bonds which mature on a single date ($1,500,000) are called term bonds.
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