QUESTION 5 1 points Save Answer If the tax laws were changed so that $0.50 out.of every $1.00 of interest paid by a corporation was allowed as a tax-deductible expense, this would True probably encourage companies to use more debt financing than they presently do, other things held constant. False QUESTION 6 1points Save Answer Net operating working capital is equal to operating current assets minus operating current liabilities. True False QUESTION 7 1 points Save Answer The time dimension is important in financial statement analysis. The balance sheet shows the firm's financial position at a given point in time, the income statement shows results over a period of time, and the statement of cash flows reflects changes in the firm's accounts over that period of time. True O False QUESTION8 1 pointsSave Answer The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, while the income statement measures the firm's financial position at a point in time. True False