Can somebody please explain:

1) Kraft Company made the following journal entry in late 2025 for rent received on property it leases to Danford Corporation:

Cash 150,000

Unearned Rent Revenue 150,000

The payment represents rent for the years 2026 and 2027, the period covered by the lease. Kraft is a cash basis taxpayer. Kraft has income tax payable of $230,000 at the end of 2025, and its tax rate is 25%. Assuming that income taxes payable at the end of 2026 is $255,000, what amount of income tax expense would Kraft record for 2026?

A) $273,750

B) $236,250

C) $292,500

D) $217,500

2)The following information is available for Kessler Company after its first year of operations:

Income before taxes $250,000

Federal income tax payable $104,000

Deferred income tax (4,000)

Income tax expense 100,000

Net income $150,000

Kessler estimates its annual warranty expense as a percentage of sales. The amount charged to warranty expense on its books was $95,000. Assuming a 20% income tax rate, what amount was paid this year for warranty claims?

A)$95,000

B) $75,000

C) $100,000

D) $115,000

3)Differing measures of the pension obligation can be based on 13) ______

A) all years of service-both vested and nonvested - using current salary levels.

B) annual contributions to the pension fund.

C) only the nonvested benefits using current salary levels.

D) the expected return on plan assets.

4)Which of the following are reasons why a company is involved in leasing to other companies? I. Interest revenue II. High residual values III. Tax incentives IV. Guaranteed bargain purchase options

A) I, II, and III.

B) I, III, and IV.

C) II, III, and IV.

D) I, II, and IV

5) In a finance lease, the lease receivable amount includes the present value of 23)

A) rental payments only.

B) rental payments plus the present value of the unguaranteed residual value only.

C) rental payments plus the present value of the guaranteed residual value only.

D) rental payments plus the present value of the expected residual value probable of being owed.