true or false

2.5 pts Question 4 Signify TRUE or FALSE as applicable for each of the following items as they pertain to forms of business organization. The rules of reporting financial [Choose] information to external users are collectively referred to as FASB GAAP stands for General Accounting and [ Choose ] Auditing Principles. The Securities and Exchange Commission [Choose (SEC) has the legal authority to set accounting rules for public companies. GAAP must be followed when financial [Choose information is to be issued to the public. GAAP must be followed when financial [Choose ] information is to be used strictly and solely by internal company management