Question 2 (10 points) Saved On January 1, Pope Company paid ABC Insurance Company $3600 for a 12-month insurance policy. At the end of February, what amount is shown in Deferred Revenue for ABC Insurance Company? $3,000 $0 $600 $3,600 None of the above Question 3 (10 points) To record a contingent liability as an expense, the outcome must be: Probable. O Estimable. Both a and b. Either a orghing O None of the above. Previous Page Next Page Page 3 of 4 Question 4 (10 points) Tamarron Corporation warrants its products for 6 months. The estimated product warranty is 2% of sales. Assume that sales were $600,000 for January. Determine the warranty liability at the end of January. O $0 $12,000 $10,000 Unknown