Section C - Long Answer Questions - Answer any ONE ( x 9 marks = 9 marks) 8. Consider the following items. Instructions: How would each of the preceding items be reported on the statement of financial position? a. Accrued vacation pay. b. Income taxes payable. c. Service-type warranties on appliance sales. d. Social Security taxes payable. e. Personal injury claim pending. f. Unpaid bonus to officers. g. Deposit received from customer to guarantee performance of a contract. h. Value-added tax payable. i. Gift certificates sold to customers but not yet redeemed j. Premium offers outstanding. k. Accounts payable. 1. Employee payroll deductions unremitted. m. Current maturities of long-term debts to be paid from current assets. n. Cash dividends declared but unpaid o. Dividends in arrears on preference shares. p. Loans to officers