TI - MULTIPLE CHOICE (Worth 6 points each Please a pencil to record your question. she best an CHOICE (Worth 6 points each, for a total 90 points) cord your answer on a Anderson Datalink scantron tomm. Choose the Der who pays cash for an out o vable is referred to as a. 1. The buyer who pays cash for A. Payor B. Pledgor C. Factor D. Payce E. Pledge 2. The accounting principle that requires finan about the operations and financial condition of a company is called: A. Relevance B. Materiality C. Evaluation D. Full Disclosure E. Matching accounting principle that requires financial statements including notes) to report all relevant ant informa 3. Depreciation: A. Measures the decline in market value of an asset. B. Measures physical deterioration of an asset. C. Is the process of allocating to expense the cost of a plant asset. D. Is an outflow of cash from the use of a plant asset. E. is applied to land. 4. A company receives a 5.5%, 180 day note for $8.900. The total interest due on the maturity date is: A $8.900.00 B. $4.450.00 C. 52.225.00 D. $489.50 E. $244.75 5 A 90-day note issued on August 15 has a maturity date of A. November 12 B. November 13 C. November 14 D. November 15 E. November 16 less its accumulated depreciation is called: 6. The total cost of an A. Historical cost B. Book value C. Present value D. Current (market) value E. Replacement cost