Please answer weather True it False .If False state why Brifley

1. The majority of business in Canada is conducted by corporations True False 2. The three main business activities are financing, operating, and investing True False 3. A publicly traded company's annual report generally includes audited financial statements (with auditor's report), notes to the financial statements, and management's discussion and analysis True False 4. If a company hires honest employees and its top management acts with integrity no internal contro procedures will be necessary True False 5. Both the statement of financial position and the statement of earnings will be impacted by each adjusting entry True False