true or false

Question 4 Signify TRUE or FALSE as applicable for each of the following items as they pertain to f business organization. The rules of reporting financial [Choose ] information to external users are collectively referred to as FASB. GAAP stands for General Accounting and [Choose] Auditing Principles. The Securities and Exchange Commission [Choose ] (SEC) has the legal authority to set accounting rules for public companies GAAP must be followed when financial information is to be issued to the public [Choose] GAAP must be followed when financial [Choose] information is to be used strictly and solely by internal company management