1. FASB has had the responsibility for developing accounting principles since the earlya. 1900s.b. 1920s. c. 1940s.d. 1970s.2. Which one of the following is primarily interested in the liquidity of a companya. Federal governmentb. Stockholdersc. Long-term creditorsd. Short-term creditors3 Which one of the following is not a characteristic generally evaluated in analyzing financial statementsa. Liquidityb. Profitabilityc. Marketabilityd. Solvency4. In analyzing the financial statements of a company a single item on the financial statements a. should be reported in bold-face type.b. is more meaningful if compared to other financial information.C. is significant only if it is large.d. should be accompanied by a footnote.