194. The following is a list of selected users of accounting information. Match the appropriate user 1 through 5 to the following information needs. 1. Assessing the risk and return of acquiring shares Production Managers 2. Assessing employment opportunities Suppliers 3. Monitor costs and ensure quality Lenders 4. Judge the soundness of a customer before making sales on credit Employees 5. Measuring risk and return of loans Shareholders 195. Match each of the following transactions and events to the accounting principle applicable to recording and reporting them. 1. Helen Cho, a sole proprietor, pays for her daughter's preschool out of business funds Revenue recognition principle 2. Mayan Imports receives a shipment from Mexico, which contains an invoice that is stated in pesos Business entity principle 3. A building is for sale at $480,000. An appraisal is given for $450,000 Monetary unit principle 4. An insurance company receives insurance premiums for six future month's worth of coverage Cost principle 5. To make the balance sheet look better, Helen Cho added several thousand dollars to the Equipment account that she believed was undervalued Objectivity principle

194. The following is a list of selected users of accounting information. Match the appropriate user 1 through 5 to the following information needs. 1. Assessing the risk and return of acquiring...

194. The following is a list of selected users of accounting information. Match the appropriate user 1 through 5 to the following information needs.

1. Assessing the risk and return of acquiring shares	Production Managers
2. Assessing employment opportunities	Suppliers
3. Monitor costs and ensure quality	Lenders
4. Judge the soundness of a customer before making sales on credit	Employees
5. Measuring risk and return of loans	Shareholders

195. Match each of the following transactions and events to the accounting principle applicable to recording and reporting them.

1. Helen Cho, a sole proprietor, pays for her daughter's preschool out of business funds	Revenue recognition principle
2. Mayan Imports receives a shipment from Mexico, which contains an invoice that is stated in pesos	Business entity principle
3. A building is for sale at $480,000. An appraisal is given for $450,000	Monetary unit principle
4. An insurance company receives insurance premiums for six future month's worth of coverage	Cost principle
5. To make the balance sheet look better, Helen Cho added several thousand dollars to the Equipment account that she believed was undervalued	Objectivity principle

May 15, 2022