Answer the following Accounting questions:

a) True or False: If we see a pension liability on a company's balance sheet, this suggests that the pension plan is underfunded.

b) Urban Outfitters announces a 4:1 stock split. Prior to the stock split, UO had 20,000 shares of common stock outstanding and the par value was $0.40 per share. After the stock split, UO would have:

A. 80,000 outstanding shares with a par value of $0.10 per share.

B. 5,000 outstanding shares with a par value of $1.60 per share.

C. 5,000 outstanding shares with a par value of $0.10 per share.

D. 80,000 outstanding shares with a par value of $1.60 per share.

c) True or False: When a company repurchases stock, the journal entry to record the transaction will cause reported 'Net Income' to decrease.

d) True or False: When employees exercise their stock options, the company's journal entry to record this transaction will cause reported 'Net Income' to decrease.

e) Zinger Inc. issues 60,000 shares of its $0.10 par value common stock for $42 per share. The journal entry to record the stock issuance will include a:

A. Credit to Cash of $2,520,000.

B. Credit to Additional Paid in Capital of $2,514,000.

C. Credit to Common Stock of $2,520,000.

D. Debit to Common Stock of $6,000.