Which of the following statements is true? #1. the financial accounting standards board is the organization that makes many of the accounting standards or rules in the united states. #2. generally accepted accounting principles are rules and practices that are recognized as a general guide for financial reporting purposes in the united states. group of answer choices statement #1 is false but statement #2 is true statement #1 is true but statement #2 is false both statements are true neither statement #1 nor #2 is true