sto 19 The Borio Company had an asset with an $8 book value and a $7 market value; it decided to distribute the asset as a property dividend. Journal entries were made to adjust the property to market value declare the dividend, and distribute the dividend. Indicate the combined effect on the Net Income and Retained Earnings, respectively nts out of lag question Select one: a. Decrease, Decrease O b. No Effect Decrease O No Effect, Increase O d. Decrease, Increase O e Increase, Decrease on 20 et ered Puppy Company includes one coupon in each bag of dog food it sells. In retum for 4 coupons, customers receive a toy dog that the company purchases for $1 each. Puppy Company's experience indicates that 60% of the coupons will be redeemed. Information for 2024 is as follows: out of 9 question Bags of Dog Food Sold Toys Purchased Coupons Redeemed 2024 300,000 12,000 40,000 The amount of estimated liability for premiums on the 12/31/24 balance sheet is: Select one: O a. 56,000 O b. $18,000 O c $24,000 O d. $35,000 O e $48,000