1. Which of the following would NOT be classified as a current liability? a. Unearned Revenue b. Mortgage Payable c. Accounts Payable d. Interest Payable 2. Which of the statements is FALSE: a. The employer is responsible for FUTA tax. b. Employee's take home pay is equal to hourly rate times number of hours worked. c. Employee and employer pay the equal amount of FICA taxes. d. The employer is responsible for withholding the employee's taxes and remitting them to the government. Use the following information about Moon Corporation to answer the next two questions. On January 21, 2022, Moon Corporation purchased 300 shares of Amazon stock for $2,853 per share and classified the investment as TRADING. On January 31, 2022, Amazon stock was trading at $2,991 per share and on February 28, 2022 the stock was trading at $3,071 per share. 3. The Investment in Amazon will be shown on Moon Corporation's January 31, 2022 Balance Sheets for: a. $855,900 b. $876,600 c. $897,300 d. $921,300 4. The Unrealized Gain or Unrealized Loss on this trading investment will be shown on Moon Corporation's January 2022 Income Statement for: a. $20,700 unrealized loss b. $24,000 unrealized loss c. $41,400 unrealized gain d. $65,400 unrealized gain 5. When a company records an unrealized loss on trading investments, its net income will: a. not be impacted by that transaction. b. increase. c. decrease. d. decrease or increase, depending on the related market value.