45) 48) External users of accounting information include all of the following A) Purchasing managers B) Customers C) Creditors D) Government regulators E) Shareholders 49 Net Income 49) A) Represents owners' claims against B) Represents the amount of assets owners put into a business C) Equals sets minus liabilities. D) Decreases equity. E) Is the excess of revenues over expenses 50) The rule that requires financial statements to reflect the assumption that the business will continue operating instead of being closed or sold, unless evidence shows that it will not continue, is the 50) A) Measurement (Cost) Principle. B) Business entity assumption C) Ohjectivity principle. D) Monetary unit assumption E) Going-concem assumption