4 Statement I: A charitable contribution to United Nations International Children's Emergency Fund (UNICEF) is an unnecessary expense of a business because it does not contribute to the profitability of the firm and should not be included in operating expenses to a firm. Statement II: Financial accounting emphasizes decisions affecting the future, relevance, timeliness, and segment performance. Financial accounting is mandatory for external reports. O Both Statements are False O Only Statement II is True O Both Statements are True O Only Statement I is True 1 pts Question 8 Statement I: Integrity calls for refraining from engagements with conduct that prejudice carrying out duties ethically. Statement II: Credibility calls for maintaining an appropriate level of professional expertise by continually developing knowledge and skills. Both Statements are False Only Statement I is True Only Statement II is True O Both Statements are True Question 9 Which of the following statements is FALSE? Accounting method for internal reporting purposes are specified by Generally Accepted Accounting Principles (GAAP). A cost concept used for external reporting purposes may not be appropriate for internal, routine reporting to managers. O Management accountants must analyze and anticipate the reactions of individuals to the design and introduction of new measurements and systems. O The Standards of Ethical Conduct for management accountants include concepts related to competence, confidentiality, integrity, and credibility