True or False?

1. Stock dividends and liquidated dividends are similar in that both don't change total stockholders equity.
2. Federal unemployment insurance paid should be included in an employers payroll tax expense.
3. A pending court case with a probable unfavorable outcome is an example of a contingent liability which should be disclosed on the balance sheet but does not require footnote disclosure.
4. A note payable which is due in more than 12 months is a long-term liability.
5. To record any liability, the payment must be probable & reasonably estimated.
6. Investments in equity securities are adjusted to fair value at the end of the period.