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28) Providing a monetary rebate program for purchasing a product: A) Is counted for similarly to product warranties B) Creates a contingent i ty for

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28) Providing a monetary rebate program for purchasing a product: A) Is counted for similarly to product warranties B) Creates a contingent i ty for the seller at the time of salle C) Create an expense for the seller in the period of sale D) All these wer choices are correct 29) 29) Orange Co. an estimate the amount of loss that will occur if a foreign powerment expropriates some of the company's assets in that country. If expropriation is reasonably possible a loss contingency should be A) Disclosed and accrued as a liability. B) Accrued as liability but not disclosed C) Disclosed to accrued as a liability D) Neither oradas a liability nor disclosed 30) 30) On January 31, 2018, B Corp. issued $600,000 face value, 12% bonds for $600,000 cash. The bonds are dated December 31, 2017, and mature on December 31, 2027. Interest will be paid semiannually on June 30 and December 31 For how many months will there be interest expertise for the year ended September 30, 20152 A) 6 months. B) 12 months. C) 9 months. D) 8 months 31) 31) Discount-Martissued ten thousand $1,000 bandice January 1, 2016. The bends have a 10 year lemand pay interest manually. This is the partial bond amortization schedule for the bonds Effective Interest Decrease in Outstanding Payment Carch 300.00 300.000 300.000 300,000 145,639 1470 349,363 47.464 49.163 8733430 What is the stated annual rate of interest on the bonds! A) C) 6% D) 39 32) 32) Discount-Martissued ten thousand $1.000 bonds on January 1, 2018. The bonds have a 10 year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Effective Interest Cash Decrease in Balance 300.000 300,000 200,000 10,000 345.639 347,464 349,363 45.639 47.464 49,363 Outstanding Balance 8,640,967 8,686,606 8.734,070 8,783,433 What is the interest expense on the hands for the year ended December 31, 2019? A) $100,700. B) 5700,700 C ) 347,464 D) $600,000

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