Ca1.1 (lo 2) (fasb and standard-setting) presented below are four statements which you are to identify as true or false. if false, explain why the statement is false. 1. gaap is the term used to indicate the whole body of fasb authoritative literature. 2. any company claiming compliance with gaap must comply with most standards and interpretations but does not have to follow the disclosure requirements. 3. the primary governmental body that has influence over the fasb is the sec. 4. the fasb has a government mandate and therefore does not have to follow due process in issuing a standard.

Quick calculate the roi dollar amount and percentage for these example investments. a. you invest $50 in a government bond that says you can redeem it a year later for $55. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage. b. you invest $200 in stocks and sell them one year later for $230. use the instructions in lesson 3 to calculate the roi dollar amount and percentage. (3.0 points) tip: subtract the initial investment from the total return to get the roi dollar amount. then divide the roi dollar amount by the initial investment, and multiply that number by 100 to get the percentage.