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1-1) Which of the following users would need information regarding debt outstanding and assets available to secure debt? a.Government agencies b.Creditors c.Managers 1-2) The cost

1-1) Which of the following users would need information regarding debt outstanding and assets available to secure debt?

a.Government agencies

b.Creditors

c.Managers

1-2) The cost of producing specific products or services is measured by accountants in which of the following services?

a.Budgeting

b.Financial accounting

c.Internal auditing

d.Cost accounting

1-3) Which of the following discusses various accounting treatments after FASB has researched an issue?

a.Exposure Draft

b.Preliminary Views document

c.Public hearings

d.Accounting Standards Update

1-4) During which of the following steps of the accounting process is information entered into the accounting system?

a.Recording

b.Classifying

c.Interpreting

d.Analyzing

d.Owners

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