True False o O 1. Liabilities = Assets - Owners equity o O 0 O 2. "Interest" more likely appears on a balance sheet than on an income statement. 3. Net income - Change in retained earnings = Dividends 4. Total assets Total liabilities = Net working capital O 0 0 5. When calculating a change, the later value is subtracted from the earlier value. 6. "Snapshot" more likely refers to a balance sheet than to an income statement. O Q O O 7. Depreciation is treated as an operating expense. 0 O 8. Cash flow to owners = Cash flow from assets - Cash flow to creditors O 0 9. Net income / Earnings per share = Number of shares outstanding O Q 10. "Rearview mirror" more likely refers to finance than to accounting