Currie Company borrowed $17,000 from the Sierra Bank by issuing a 11% three-year note. Currie agreed to repay the principal and interest by making annual payments in the amount of $4,721. Based on this information, the amount of the interest expense associated with the second payment would be: (Round your answer to the nearest dollar.) Multiple Choice $1,870 $4721 $1,556 $1,072 Which of the following represents the impact of a taxable cash sale of $960 on the accounting equation itf the sales tax rate is 5 %? Multiple Choice An Increase to cash for $960, an increase to sales tax payable for $48, and an increase to sales revenue for $912 An increase to cash for $1,008, an increase to sales tax expense for $48, and an increase to sales revenue for $960 None of these answer choices is correct An increase to cash for $1,008, an increase to sales tax payable for $48, and an increase to sales revenue for $960 Which of the following reflects the effect of the year-end estimation of warranty expense? Assets=Liab.+Equity Revenue-Expense= Net Inc Cash flow A. B. C. NA + + NA + NA NA + NA NA NA + NA + -OA NA + NA + NA Multiple Choice Choice A Choice B + le D. NA NA + + NA Multiple Choice Choice A Choice B Choice C Choice D Which of the following would not be classified as a tangible long-term asset? Multiple Choice Timber reserve Delivery truck Copyright Land