Indicate the type of Deferred Tax account created by Accrued penses and Accrued Revenues, respectively Select one Aet Asset o b. Liability, Liability O c. Asset Liability O d. Liability Asset At December 31, 20X4, Bren Cohad the following deferred income tax items! A deferred income tax asset of $15.000 related to a current liability A deferred income tax asset of $3.000 related to a noncurrent Mobility A deferred income tax liability of 58.000 related to a current asset Which of the following should Been report in the noncurrent section(s) of its December 31, 20x4 balance sheet? Select one: O a $12,000 Net Liabdity @b: 510,000 Net Asset O c $7.000 Net Liability Od$7,000 Net Asset e. $3.000 Net Asset Alease qualities as a finance cales-type) lease. Indicate an account to be used by the lessee, and an account to be used by the lessor Select one: O. Account to be used by the lessee Right of Use Asset Account to be used by the lessor Lease Receivable O b. Account to be used by the lessee Unearned Revenue Account to be used by the lessor Sales Revenue Account to be used by the lessor Interest Revenue Account to be used by the lessee Lease Expense Account to be used by the lessee Lease Liability Od Account to be used by the lessor Amortization Expense Account to be used by the lessor Interest Expense De Account to be used by the lesson Amortization Expense When does a fessor use the lessee's interest rate when computing the amount of the annual annuity required in the lease? Select one! O . As long as the lessor knows the lessee's rate If the lessor knows the lessee's rate and it is higher O c. If the lessor knows the lessee's rate and it is lower d. Never Acompany uses the percentage of completion method to count for a 4-year construction contract. Which of the following should be used in the calculation of the income recognized in the first year Select one: O Progress Baling but not Collections on Progress Ballings bi Collections on Progress Ballings, but not Progress Bilings oc. Both Progress Billings and Collections on Progress Bilings od Neither Progress Billings nor Collections on Progress Balling