true or false ?? 1- Historical costs can be objectively and precisely measured whereas market values can be difficult to estimate! 2- Transferring ownership is one of the multiple advantages of a the partnership form of organizations. ( true - false - or depends ) 3- Interest expense is a noncash financial expense ( true or false) 4- Liquidity measures how quickly and easily an asset can be converted to cash with significant loss in value. (true or false) 5- Low liquidity levels can sometimes be desirable to the firm (true or false) 6-Interest expense is a cash operating cost. ( true or false) 7- Market values for corporations can sometimes be negative. (true or false) 8- Depreciation is a cash deduction that reflects adjustments made in asset book values. ( true or flse) 9- To maximize the current market value (share price) of the equity of the firm should not be seen as the primary goal that motivates financial managers ( true or false)