Question 8 Not yet On March 1, Brutto Corp. issues a 3 year 5%, 560,000 note payable. The terms of the note include equal monthly instalment payments of $1,799. The entry to record the second instalment payment will include a answered Marked out of 1.50 P Flag Question Select one: O debit to interest Expense of $250. O credit to Interest Expense of $244. debit to Notes Payable of $1,555. debit to Cash of $1,799 Question 9 Not yet if the board of directors authorizes a $250,000 restriction of retained earnings for a future plant expansion, the effect of this action is to answered Marked out of 150 Select one: Flag question O decrease total retained earnings and increase total liabilities decrease total assets and total shareholders' equity O reduce the amount of retained earnings wailable for dividend declarations Increase shareholders equity and to decrease total liabilities. Question 10 Goodwill Not yet answered Marked out of 1.50 Select one: can be subdivided and sold in parts. can only be identified with the business as a whole. O can be recorded when generated internally need not be tested annually for impairment. Flag