please answer all questions

QUESTION 34 Which of the following is a disadvantage of corporations? O a. Shareholder's limited liability O b. Separate legal entity OC. Corporate tax laws O d. Continuous life QUESTION 35 Which of the following is an advantage of Bond Financing when compared to Equity Financing? O a. Bonds require payment of both periodic interest and par value at maturity O b. Bonds do not impact ownership control c. Interest on bonds is not tax deductible Od. None of the above QUESTION 36 Which of the following is not a plant asset? O a. Vehicles Ob. Land O c. Buildings d. Patents QUESTION 37 Which of the following is not a principle of internal control? O a. Separate record keeping from custody of assets O b. Divide responsibilities for related transactions Oc Insure assets and bond key employees O d. Exclude technology from all controls QUESTION 38 Which of the following statements is not true? O a. The normal balance of an expense account is a credit. Ob. The normal balance of accounts receivable is a debit. Oc. The normal balance of dividends is a debit Od. The normal balance of common stock is a credit. QUESTION 39 XYZ Inc. establishes a petty cash fund with a beginning balance of $400. The journal entry to record the establishment of the petty cash fund includes a debit to: Oa. Petty Cash O b. Accounts Receivable Oc. Cash Od. Accounts Payable QUESTION 40 XYZ Inc. sells a used vehicle for $10,000 with a 2-year warranty. The company estimates that warranty costs will be equal to 5% of sales. Which of the following would be credited in the journal entry to record warranty expense? Oa. Estimated Warranty Liability $10,000 O b. Warranty Expense $10,000 OC Estimated Warranty Liability $500 Od. Warranty Expense $500 QUESTION 41 XYZ Inc.'s employees' gross pay for the 7/31 pay period is equal to $8,000. Total withholdings for the period are $1,200 and net pay is therefore $6,800. Which of the following will be credited in the journal entry to accrue payroll? Oa. Salaries Payable $8,000 Ob. Salaries Payable $6,800 Oc. Salaries Expense $6,800 Od. Salaries Expense $8,000