1. True/False: If cash flow to owners is $20,000 and cash flow to creditors = $80,000, cash flow from assets > $80,000.

2. True/False: If long-term debt this year = $5000, long-term debt last year = $3500 and depreciation = $1000, capital spending < $1000.

3. True/False: Net new borrowing from creditors is synonymous with the change in long-term debt.

4. True/False: If interest is $2000 in the same year that long-term debt decreased $500, the cash flow to creditors > $2000

5. True/False: Free cash flow is synonymous with cash flow from assets