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CH13: Which of the following contingencies is recorded (accrued) in the face of the financial statement? Select one: a. Possible receipts of money from gifts and donations. b. Premium offered to customers is probable and the amount of the premium is reasonably estimated. O c. Potential loss from the litigation can be estimable but its probability is remote. O d. Pending court cases with a probable favorable outcome. CH13: Which of the following is not a correct statement about the "discount" in the zero-interest-bearing notes payable? Select one: O a. It represents the lender's cost to underwrite the note O b. It will be amortized over the life of the note and the same amount will be recognized as interest expense in each period. O c. It represents interest expense chargeable to future periods. O d. It represents the cost of borrowing