Ture or False question

1.Events that occur after the financial statements are issued are referred to as subsequent events.

2.Including non-GAAP metrics in a companys annual report is acceptable and may provide useful information for decision-makers.

3.A financial analyst will carefully review company financial statements for evidence of transactions involving related parties in part because such transactions may create the risk of wealth transfer to single stockholders.

4.All changes in accounting principle must be treated retrospectively.

5.A related party transaction occurs when a company enters a transaction with individuals or other companies that are connected in some way with it or its management.