For questions 32-38, use the following answer key: A. True B. False 32. Negative Cash Flows from Financing indicate that a company is borrowing via new loans or selling new stock. 33. In 2017, a company decides to change their useful life of their equipment from 10 years to 6 years. All else equal, in 2018 this accounting change will cause the company to report higher operating cash flows. Hint: taxes are not relevant here. 34. Intangible assets like CEO brilliance, internally developed customer lists, and brand awareness are not allowed to be assets on the balance sheet because they don't really have any value. Investors prove this notion when they price stocks. 35. A company can have positive income and negative operating cash flows in the same year 36. All things that affect income affect cash. 7. Accounts Receivable is a liability on the balance sheet. 38. Paying an employee with stock might align their incentives with the company's long term well-being. At the same time, it could encourage the employee to manipulate financial reports for their own personal gain