True or false

9. Karen is a Certified Management Accountant and is bound by the IMA's Standard of Ethical Content. Her superior has asked her to try to influence the firm's outside auditors with expensive gifts and favors. if Karen complies, she will violate the competence standard. T/F

10. Misclassifying a product cost as a period cost will usually cause the income statement to be incorrect, but the balance sheet will not be affected. T/F