Problem 2 (7 pts) True or False a. Unasserted assessment of back taxes with a reasonable possibility of being asserted should be accrued if we can reasonably estimate the amount of loss. b. Warranty expense is recorded in the period in which the warranty expenditure is made. c. Bond issue costs will increase the effective interest rate. d. Companies have the option to report their bonds payable at fair value. e. Interest expense should still be accrued for noninterest-bearing notes. f. A liability must specify the amount and timing of future settlement. g. Bonds will sell at a discount when the market rate of interest exceeds their stated rate