$1.$ What are the three rule$-$making organization in the U$.$S$.$ and who do they cover? $2.$ What two reports do public organizations publish annually? $3.$ What are the two fundamental differences between for$-$profit and not$-$for$-$profit financial statements? $4.$ Amounts on the balance sheet help organizations to predict future performance. True or false? $5.$ The monetary concept of financial statements provides which of the following: a$.$ Value of real assets b$.$ Value of the organizations reputation c$.$ Numbers reflecting monetary conditions at the time of the report d$.$ Value of the organizations products e$.$ All of the above? $6.$ What three financial statements does FASAB require? $7.$ What five estimate situations can lead to misleading numbers when analyzing financial statements? $8.$ What four categories does ratio analysis look at $?9.$ The three main standards for comparison in financial statement analysis are: a$.$ Profitability standards, liquidity standards, and current liabilities standards b$.$ Industry standards, historical standards, and managerial standards c$.$ Mathematical standards, asset and liability standards, and depreciation standards $10.$ Assets $\backslash (=\backslash )$ liabilities $+$ leverage $-$ equity. True or false? $11.$ Identify three reasons organization might need surplus.