1. Which of the following would NOT be classified as a current liability? a. Mortgage Payable b. Accounts Payable Interest Payable d. Unearned Revenue C. No Spacing a. 2. Which of the statements is FALSE: The employer is responsible for FUTA tax. b. Employee and employer pay the equal amount of FICA taxes. C. The employer is responsible for withholding the employee's taxes and remitting them to the government. d. Employee's take home pay is equal to hourly rate times number of hours worked. Use the following information about Luna Corporation to answer the next two questions. On January 15, 2021, Luna Corporation purchased 300 shares of Amazon stock for $3,104 per share and classified the investment as TRADING. On January 31, 2021, Amazon stock was trading at $3,206 per share and on February 28, 2021 the stock was trading at $3,093 per share. 3. The Investment in Amazon will be shown on Luna Corporation's January 31, 2021 Balance Sheets for: a. $961,8001 b. $946,500 c. $931,200 d. $927,900 a. 4. The Unrealized Gain or Unrealized Loss on this trading investment will be shown on Luna Corporation's January 2021 Income Statement for: $33,900 unrealized loss b. $3,300 unrealized loss c. $30,600 unrealized gain d. $15,300 unrealized gain a. 5. When a company records an unrealized loss on trading investments, its net income will: increase. decrease. decrease or increase, depending on the related market value. d. not be impacted by that transaction. b. c