2. (TCO 6) Each of the following but one represents collections for third parties. Which one of the following is not a collection for a third party? (Points : 4) Sales tax payable Customer deposits Employee insurance deductions Social Security taxes deductions

3. (TCO 6) Which of the following is not a liability? (Points : 4) An unused line of credit Estimated income taxes Sales tax collected from customers Advances from customers

Question 4. 4. (TCO 6) Gain contingencies usually are recognized in a company's income statement when (Points : 4)

realized. the amount can be reasonably estimated. the gain is reasonably possible and the amount can be reasonably estimated. the gain is probable and the amount can be reasonably estimated.

Question 5. 5. (TCO 6) Our company had a warranty liability of $350,000 at the beginning of 2012 and $310,000 at the end of 2012. Warranty expense is based on 4% of sales, which were $50 million for the year. Which were the warranty expenditures for 2012? (Points : 4)

$0 $1,960,000 $2,000,000 $2,040,000

multiple choice choose a b c d for these 4 questions ill give u plus ;)