GAAP must be followed when financial information is to be issued to the public. IChoose ] GAAP must be followed when financial information is to be used strictly and solely by internal company management. I Choose ] Question5 1.5 p Signify TRUE or FALSE as applicable for each of the following items as they pertain to financial statement dates. An appropriate date to be reflected in the heading of a balance sheet would be "for t month ended December 31, 20xx indicating that it represents a period of t [ Choose] False True An appropriate date to be reflected in the heading of an income statement would be "for the year ended December 31, 20Xx indicating that it represents a period of time. IChoose ] An appropriate date to be reflected in the heading of a statement of owner's equity would be "December 31, 20XX indicating that it represents a point in time. Choose ] Question 6 2 pts