At December 2004 Bren Cohad the following detected income tax items! A deferred income tax asset of $15.000 related to a current ability Adeferred income tax osset of 53,000 related to a noncurrent liatility A deferred income to liability of ated to a current asset Which of the following should Bren report in the noncurrent section(s) of its December 31, 2024 balance sheet? Select one O a. 512.000 Net Liability Ob $10.000 Net Asset O 57.000 Net Liability Od $7.000 Net Asset O e $3.000 Net Asset Alease qualities as a finance (sales-type) lease. Indicate an account to be used by the lessee, and an account to be used by the lessor Select one: Account to be used by the lessee Right of Use Asset Account to be used by the lesson Lease Receivable Account to be used by the lessee Unearned Revenue Account to be used by the lessor Sales Revenue Od Account to be used by the lessee Lease Expense Account to be used by the lessor Interest Revenue Account to be used by the lessor Amortization Expense Account to be used by the lessee Lease Liability Od Account to be used by the lesso Amortization Expense Account to be used by the lesso Interest Expense When die interest rate when computing the mint of the annual in in the las Select one As long as the lessor now the liste Other now the late and the the now the rate and it is lower d. Never A companies the percentage of completion method to account for 4-year construction contract. Which of the following should be used in the calculation of the income recognized in the first year Select one logen Baing but not Collections on Progress Blog @ Collections on Progress Billings, but not Progressings Both Progress Billings and Collections on Progress Balingi o d. Neither Progress Balings nor Collections on Progress Billings A company grants its cutives stock options as a form of compensation. The company correctly determines the fair value of the options. During the expected period of benefit the company records the complete joomal entry relating to compensation expense. How does this journal entry affect Net Income and Total Stockholders' Equity, respectively Stanet No Effect. Increase No Effect No Elect Decease. Increas d. Decrease, Decrease Decrease No Effed