Can I get help with these question? Ill thumbs up if correct :). Thanks so much beforehand.

December 14, 2019. Eugene Corporation sold merchandise at a price of $8,000 (term, 2/10: n/30). The customer makes a payment on December 15th, 2019 for sales originally billed at $5,500. Suppose the firm has two options (the net method and the gross method) to account for this transaction. What is the impact on net income of 2019? Net income is the same between the net method and the gross method Net income is higher under the net method than the gross method None of other answer choices is correct Net income is lower under the net method than the gross method On June 30, 2018, Mortensen Company borrows $30,000,000 at 12%. The note is payable on June 30, 2019 with semi-annual interest payments. Suppose that you prepare adjusting journal entries related to (if any) accrued interest expense on December 31, 2018 (Mortensen's year-end). Which of the following is true? Debit interest expense $1.8 million Credit interest payble $1.8 million None of other answer choices is correct No adjusting journal entries are necessary Lewis Company files a lawsuit against Clark Corp. for $10,000,000 in December 2017 alleging patent infringement. Clark Corp's management thinks it is reasonably possible that Clark Corp. will eventually have to pay something to settle the suit, and the estimate of the expected amount is reasonably estimable, $3,000,000. New evidence that arose on January, 2018 suggests that it is probable that Clark Corp. will eventually have to pay $3,000,000 to settle the suit. Clark filed its financial statements under U.S. GAAP on March 31, 2018. How were Clark Corp's assets, liabilities, and retained earnings of 2017 affected by this lawsuit? Assets, no effect / Liability, no effect / Retained earnings, no effect Assets, higher $10M / Liability, higher by $10M / Retained earnings, lower by $10M None of other answer choices is correct Assets, no effect/Liability, higher by $10M / Retained earnings, lower by $10M Dr. Cure who runs a family practice keeps her accounting records on a cash basis. During 2017, she collected $200,000 in fees from her patients. At December 31, 2016. Cure had accounts receivable of $15,000 and a liability for deferred fee revenue of $2,000. At December 31, 2017, she had accounts receivable of $25,000 and a liability for deferred fee revenue of $8,000. On an accrual basis, what was Dr. Cure's patient fee revenue for 2017? None of other answer choices is correct $210.000 $200.000 @ $204.000