Menu FERGUSON1948 FINISH QUIZ 2 of 65 MULTIPLE CHOICE Which of the following is likely to be a user of information in a financial accounting setting? B Taxing authorities Other businesses D Potential investors All of the above 2 of 65 K AV Socrative Type here to search o i FERGUSON1948 ga FINISH 3 of 65 MULTIPLE CHOICE Which of the following is most likely to be a user of information in a managerial accounting setting? B Creditors A Potential investors D Department heads Customers 3 of 65 16 8 K Socrative Type here to search E a Menu FERGUSON1948 FINISH QUIZ 6 of 65 MULTIPLE CHOICE Which of the following concepts (principles) would be most likely to require that an item be recorded at the amount actually paid? Going-concern concept Entity concept Cost principle D Reliability concept 6 of 65 K! > Socrative here to search a o Menu FERGUSON1948 16 of 65 FINISH QUIZ MULTIPLE CHOICE A business receives cash in payment of accounts receivable. Which of the following occurs? Alability is debited and a liability is credited. An asset is credited and a liability is debited. An asset is debited and an asset is credited. D An asset is debited and a liability is credited. 16 of 65 IK 12 13 15