Please answer all the questions

3. A company sells merchandise for $900 on account with terms of 311 aet 30. Which of the following entries would be made to record the cash receipt for the sale if the payment is reeeived within 11 days? A) The accounting entry would be a 5873 debit to Cach, a 527 credit to Sales Dikcounts and a $900 eredit to Accounts Receivable. B) The accounting entry would be a 5873 debit to Cash, a 527 credit no Sales Diseounts and a $900 debit to Accounts Receivable. C) The accounting entry would be a $900 debit to Cash, a 527 debit to Sales Discounts and a $873 credit to Accounts Receivable: D) The accounting entry would be a $873 debit to Cash, a $27 debit to Sales Discounts and a $900 credit to Accounts Receivable. 4. "Accounting information is based on the most reliable data available. Reliable data are verifiable, which means they can be confirmed by any independent observer." refers to: A) Objectivity principle. B) Cost principie. C) Going-concern concept. D) Entity principle. 5. "Assumption that the entity will remain in operation for the foresceable future long enough to 4. Ase existing resources for their intended purpose." refers to: A) Objectivity principle. B) Cost principle. C) Going-concer concept. D) Entity principle. 6. Decreases in owners' equity are caused by: A) Purchases of assets and payment of liabilities. B) Purchases of assets and incurrence of liabilities. C) Payment of liabilitics and unprofitable operations. D) Distributions of assets to the owner and unprofitable operations