Please answer the True or False questions.

0 O 7. Depreciation is not treated as an operating expense. 0 0 8. Cash flow to owners =Cash flow from assets -- Cash flow to creditors 0 O 9. Net income / Earnings per share = Number of shares outstanding 0 0 10. Rearview mirror" more likely refers to finance than to accounting. O 0 0 11. If cash flow to owners is $20,000 and cash flow to creditors = $80,000, cash flow from assets > $80,000. 12. If long-term debt this year = $5000, long-term debt last year = $3500 and depreciation = $1000, capital spending $2000. 15. Free cash flow is synonymous with cash flow from assets. O 0 O 16. If EBIT = $10,000, depreciation = $5000 and taxes = $2000, operating cash flow