Question 5 (1 point) The cost of promotional offers should be recorded as expenses in the accounting period when the offers are redeemed by customers. True False Question 6 (1 point) On October 31, 2018, Simeon Builders borrowed $16 million cash and issued a 7. month, noninterest-bearing note. The loan was made by Star Finance Co. The stated discount rate is 8%. Sky's effective interest rate on this loan is: More than the stated discount rate of 8%. Less than the stated discount rate of 8%. Equal to the stated discount rate of 8%. Unrelated to the stated discount rate of 8%