Question 18 1 pts Generally Accepted Accounting Principles, or GAAP, is a set of accounting procedures, standards, and procedures that companies use to compile their financial statements. Select THREE of the following items that demonstrate why GAAP is important for accounting and finance professionals. it allows CPAs to make a good salary the consistent use of methods and procedures allows for fair comparisons between companies it allows persons reading the financial statements to rely on them it ensures that audits are completed in a standard manner Question 19 1 pts The accrual accounting method is useful because it allows for all transactions to be recorded in real-time - revenues are added only after the money has been received by the company and not when the revenues are earned. True False