Multiple Choice a. C. 1. The account Unearned Subscription Revenue a. is considered a miscellaneous revenue account. b. has a normal debit balance. C. is a contra account to Subscription Revenue. d. is a current liability 2. Which of the following is not a contingent liability? Product warranties b. Pending or threatened lawsuits Current maturities of long-term debt d. Assessment of additional income taxes pending an audit 3. Payroll Tax Expense includes all of the following except federal income tax payable. b. federal unemployment tax payable. FICA tax payable. d. state unemployment tax payable. Which of the following is not an estimated liability? a Vacation pay b. Sales taxes Product warranties d. Income taxes a. c. 4. C. 5. Recording estimated warranty expense in the year of the sale best follows which accounting principle? a. Consistency b. Full disclosure C. Matching d. Materiality