indicate wheather each of the following fives statement is true or false.

1)congress passed the Sarbanes-oxley act to ensure that ivestors ivest only in companies that will be profitable.

2) the standards of conduct by which actions are judges as loyal or disloyal are ethics.

3) the primary accounting standard-setting body in the united states is the securities and exchange commission(SEC).

4) the historical cost principle dicates that companies record assets at their cost and continue to report them at their cost over the time the assets are held.

5) the monetary unit assumption requires that companies record only transaction that can be measured in money terms.