How would the recording of amortization of Discount on Bonds Payable affect the Carrying Value of the Bond and Interest Expense, respectively? Select one: a. Increase, Decrease b. Increase, Increase O c. Decrease, Decrease d. Decrease, Increase e. No Effect, increase The account Customer Deposits is classified as Select one: O a. Current Liability O b. Current or Noncurrent Asset, depending on the expected termination of the relationship requiring the deposit Oc Current or Noncurrent Liability, depending on the expected termination of the relationship requiring the deposit d. Current Asset e. Noncurrent Asset Treasury Stock is acquired for an amount above the original Issue price. What effect will the acquisition of treasury stock have on Shares Issued and retained Earnings, respectively? Select one: O a. Decrease and no effect O b. Increase and no effect O c Decrease and increase O d. Increase and decrease O e. No effect and no effect A company grants its executives stock options as a form of compensation. The company correctly determines the fair value of the options. During the service period (the expected period of benefit for the company), the company records the complete journal entry related to compensation expense. How does this annual journal entry affect Total Equity and Retained Earnings, respectively? Select one: O a. No Effect. Increase b. No Effect, Decrease O c. Decrease, Increase d. Decrease, Decrease e. Decrease, No Effect 0 Contingent Gains should be accrued in which circumstances? Select one: O a. When probable and reasonably estimable. O b. When reasonably possible and the possible amount known for certain O c When probable and the possible amount known for certain O d. Never tion