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. For each statement below, determine if it is TRUE or FALSE. Then explain why you chose TRUE or FALSE. (5 marks) 4.A) Bob purchased
. For each statement below, determine if it is TRUE or FALSE. Then explain why you chose TRUE or FALSE. (5 marks) 4.A) Bob purchased 100 shares of company xyz. Bob now partly holds the ownership of xyz. 4.B) Lenders are among the external users of financial accounting information. 4.C) Generally managerial accounting reports are created at the end of the fiscal year for tech companies such as Google. 4.D) Company abc pays the utility for the month of February. As a result, both sides of the accounting equation decrease. 4.E) Rent paid in advance is an accrued expense
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