Question 33 (of 50) 33. 0 2.00 points The liability for product warranty claims is an example of a liability that O has been calculated using estimates. O has been recorded in the process of matching revenue and expense. O also resulted in a reduction of net income. O all of the above. O Type here to search 34. 0 2.00 points Many airlines have frequent flyer programs that permit travelers to accumulate credts that can be applied to the cost of tickets for future fights Most arines recognine the cost of their recognize the cost of their tequent fyer purchase tickets. This practice, which seems to ignore the matching concept, results ih ams when the credits are used to purchase tickets. practice, O understating iobilities and overstating expenses O overstating labilities and expenses O stating hiabilites and expenses at appropriate amounts O understating liabities and expenses O Type here to search 8 4 5 3 2 35. 2 00 points sccountarn faled to accrue osoft2on6 some employee trge berett program exposest, were reamed", 20%and het wd be pad n 200 The NSA of thion-son " O understate the current ratio at 12/3116 and understate ROl and ROE for the year ended 12sn ont affect the curent ratio at 1206 but to overwate ROled ROE for the yew ended 120ns Ooerstone the cur ern ratio at 12av% and urdersiste ROInd ROE for the year ened tavs overstate the ront ratio at t2/3V% and overstate ROI ond RE for th" year ended ranns O Type here to search 5 caps lock shurt t 2.00 points The term preemptive right pertains to which of the following? O Present shareholders' right to purchase treasury shares when reissued. O The Board of Directors rights in liquidation. O Preferred stockholders' right to dividends O Present shareholders' right to purchase shares from any additional share issuances O Type here to search ip