Identify all false statements about non-GAAP earnings. 1. Public companies are required to reconcile non-GAAP earnings with GAAP earnings. 2. Non-GAAP earnings may be reported in a note to financial statements or in Management Discussion & Analysis section. 3. Non-GAAP earnings are usually larger than GAAP earnings as a company selects to exclude "unusual" or "nonrecurring" items. 4. Non-GAAP earnings is not audited by a CPA. 5. All U.S. public companies report some forms of non-GAAP earnings. 3&4 2&5 1,2 & 5 1,3&4