True False o 0 0 0 0 0 0 0 0 0 0 o 0 0 0 0 0 O 0 0 1. Liabilities Acts - Owners equity 2. "Interest" more likely appears on an income statement than on a balance sheet. 3. Net income - Change in retained carings - Dividends 4. Total assets - Total liabilities - Networking capital 5. When calculating a change, the later value is subtracted from the earlier value. 6. "Snapshot" more likely refers to an income statement than to a balance sheet. 7. Depreciation is not treated as an operating expense. 8. Cash flow to owners Cash flow from assets -- Cash flow to creditors 9. Net income / Earnings per share - Number of shares outstanding 10. "Rearview mirror" more likely refers to finance than to accounting 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 - 35000, long-term debt last year = $3500 and depreciation - $1000, capital spending S2000. 15. Free cash flow is synonymous with cash flow from assets. 16. If EBIT - $10,000, depreciation - 35000 and taxes - $2000, operating cash flow