... business is always considered as an accounting entity separate from the activities of the owner(s) 91 Free Test Bank for Financial and Managerial Accounting The Basis for Business Decisions 17th ... Manufacturing, Inc accounting records at: A $42,000 B $58,000 C $43,500 D $345,000 91 Free Test Bank for Financial and Managerial Accounting The Basis for Business Decisions 17th Edition Williams Multiple ... objective, rather than subjective, information as the basis for accounting information C The safety principle - assets are valued at no more than the value for which they are insured D The going-concern...