5. When calculating a change, the later value is subtracted from the earlier value ? True or Flase

6. Snapshot more likely refers to an income statement than to a balance sheet? T or F

7. Depreciation is not treated as an operating expense T or F

8. Cash flow to owners = Cash flow from assets Cash flow to creditors T or F

9. Net income / Earnings per share = Number of shares outstanding T or F

10. Rearview mirror more likely refers to finance than to accounting T of F