YYY Mart borrow 300,000 on July 1 with a short term loan that has an annual Wrest rate of 4% which is payable on the fest day of each subse YYY Mart need to accrue on September 30, assuming that no accrual has yet been made? quat. What will Select one: a $2,500, increase expenses, increase labios b. $3,000, decrease retained earnings, Increase inbites C. $3,000; Increase expenses, Increase liabilities d. $2,500, decrease retained earnings, increase abilities Whether or not a contingent liability is recorded in the accounts depends on the likelihood of the future event occurring and the measurability of me obligation Select one True b. False On April 30, 2019, one year before maturity. Xx Plums, Inc. retired $500,000 of 5% bonds payable at 104. The book value of the bonds on April 30 was $531,100.Bond interest was last paid on April 30, 2019. What is the gain or loss on the retirement of the bonds? Select one: a $11,100 loss b. 56,100 loss c. $11,100 gain d. $6,100 gain Corporations pay an income tax only on that portion of their earnings that is distributed to stockholders as dividends. Select one: a False b. True