Need the answers for 1 and 2

B- MULTIPLE CHOICE Please answer 17 (17 points- 1 point each) 1) Which of the following best describes why a firm produces financial statements? A) to use as a tool when planning future investments within a firm B) to increase the intrinsic value of a firm ) to provide a mea ns for interested outside parties such as creditors to obtain information about a firm, with an overview of the short- and long-term financial condition of a business D) to sh planned for the near future ow the daily activities a firm has undertaken in the previous financial year, and what activities are checks annual financial statements to ensure that they are prepared according to 2) The third party who Generally Accepted Accounting Principles (GAAP) and verifies that the information reported is reliable is the A) NYSE Enforcement Board B) Accounting Standards Board C) Securities and Exchange Commission (SEC) D) auditor