Identify which of these terms about US-based and even some Bahamian Company Financial Reporting are {True or False}

1. Financial statement analysis can be both past- and future-oriented.

2. The comparison of financial measures or ratios of the same company over a period of times is superior to the use of rule-of-thumb measures.

3. Market strength is the ability to increase the wealth of stockholders.

4. The comparison of financial measures or ratios of the same company over a period of times is superior to the use of rule-of-thumb measures

5. Interim financial statements report data for a period of more than one year.

6. Form 10-Q refers to the annual report filed with the SEC

7. Both diversified companies and conglomerates operate in a single, well-defined industry.

8. The annual report of a publicly held corporation usually does not contain the auditors' report.

9. A limitation of using industry norms in financial performance evaluation is that some companies in the same industry may not be comparable.

10. Rule-of-thumb measures are the best standards of comparison in financial performance evaluation.

11. Investors, creditors, and customers are considered external users of financial statements.

12. The analysis of risk and return is important to both investors and creditors.

13. A change in the company's auditors must be reported to the SEC within a few days of the change.

14. Most companies issue interim financial statements to the public on a monthly basis.

15. Interim financial statements are subjected to a full audit by an independent auditor.