1. True/False: "Snapshot" more likely refers to an income statement than to a balance sheet.

2. True/False: Depreciation is not treated as an operating expense.

3. True/False: Cash Flows to owners = Cash flow from assets - Cash flow to creditors

4. True False: Net Income / Earnings per share = Number of shares outstanding

5. True/False: "Rearview mirror" more likely refers to finance than to accounting