Question 5 (1 point) On June 1, 2018. Dirty Harry Co, borrowed cash by issuing a 6-month noninterest bearing note with a maturity value of $500,000 and a discount rate of 6%. Assuming straight-line amortization of the discount, what is the carrying value of the note as of September 30, 2018? $525.000 $300,000. $495.000 $475,000 Question 6 (1 point) Slotnick Chemical received $300,000 from customers as deposits on returnable containers during 2018. Fifteen percent of the containers were not returned. The deposits are based on the container cost marked up 20%. How much profit did Slotnick realize on the forfeited deposits? $0. $7.500 $9.000 $45,000. Question 7 (1 point) A long-term liability should be reported as a current liability in a classified balance sheet if the long-term debt: Is callable by the creditor. Is secured by adequate collateral Will be refinanced with stock. Will be refinanced with debt. Question 8 (1 point) Short-term obligations can be reported as long-term liabilities if: The firm has a long-term line of credit. The firm has tentative plans to issue long-term bonds. The firm intends to and has the ability to refinance as long-term The firm has the ability to refinance on a long-term basis