Which of the following is a characteristic of both the expense approach for assurance-type warranties and the sales approach for service-type warranties? Select one: O a. Estimated liability under warranties O b. Unearned warranty revenue O c Warranty revenue Od, Warranty expense Which accounts are closed at the end of an accounting period? Select one: O a. Both Discount on Bonds Payable and Paid-in-Capital from Stock Warrants O b. Discount on Bonds Payable, but not Paid-in-Capital from Stock Warrants O c. Paid-in-Capital from Stock Warrants, but not Discount on Bonds Payable O d. Neither Discount on Bonds Payable nor Paid-in-Capital from Stock Warrants Landon Corporation issued 2,000 shares of $5 par value common stock and 400 shares of 540 par value preferred stock for a lump sum of $72,000 cash. What is the total credit to Additional Paid-in-Capital accounts when the market value of the common shares is $30 each and market value of the preferred shares is $50 each? (Round to nearest dollar) Select one: O a. 544.000 O b. $46,000 O c $54.000 O d. $26,000 O e $18,000 The Leverenz Company issued 10.000 shares of $10 par common stock. Sale price was $25 per share. Leverenz then 1 Purchased 2,000 shares af $35 per share 2. Resold 500 of the shares of $30 per share 3. Rosold 800 of the shares af $38 per share No other stock transactions occurred, Retained Earnings was $20,000 prior to these transactions What is the combined effect of Transactions #1 through #3 on Retained Earnings and Total Stockholder's Equity, respectively? Select one: O a $0,50 O b. 50, $24,600 decrease O c $100 decrease, $24,600 decrease Od $100 decrease, 545,400 increase O e. $2,500 decrease, $24,600 decrease Treasury stock was acquired for cash at more than its par value, and then subsequently sold for an amountless than the acquisition price. There were no other Treasury Stock transactions in the history of the company, Assuming that the cost method of accounting for treasury stock transactions is used, what is the effect of the Purchase of Treasury Stock and the sale of Treasury Stock, respectively, on Retained Earnings? Select one: O a. No Effect, No Effect Ob No Effect, Increase O c Decrease, Increase O d. No Effect, Decrease O e Decrease. No Effect