A Company is due to repay a Loan. It will be repaid by three payments as follows (Ignore Interest). The amounts to be repaid are as follows: Payment One: 01 June 2014: $5 million. Payment Two: 30 December 2014: $6 million. Payment 3: 30 September 2015: $4 million. In the Statement of Financial Position on 31 December 2013 how much of the Loan should be classified as (i) A Current Liability (ii) A Non-Current Liability? Select one: a. (i) $10 million; (ii) $4 million. b. None of these answers c. (i) $5 million; (ii) $9 million. d. (i) $5 million; (ii) $4 million. e. (i) $9 million (ii) $5 million XYz Company sells 100 annual subscriptions to a new magazine. Each subscription entitles the buyer to 12 issues (one per month) of the magazine over the course of a year. Customers pay $10 per subscription in advance. The magazines are sent to customers on the ist day of each month. On 2 July of the first year of business, what should the firm show for (i) Sales Revenue from Subscriptions and (ii) Unearned Subscription Revenue. Select one: a. (i) $1,000; (ii) $1,000 b. (i) $500; (ii) $500 c. (i) $0; (ii) $1,000 d. (i) $1000; (ii) \$0 e. None of these answers