Question 12 (0.5 points) A change in policy mandated by a change of standard under IFRS is an example of a mandatory policy change. True False Question 13 (0.5 points) An overstatement of opening inventory will result in an understatement of operating cash flows in the current period. True O False Question 10 (0.5 points) The amount initially capitalized by the lessee for a right-of-use asset is the sum of the future value of the periodic lease payments, plus the future value of expected payments for residual value. True False Question 11 (0.5 points) Revised estimates of the useful life or residual value of a depreciable asset are examples of a change in accounting principle. True O False Question 8 (0.5 points) A lessee's debt to equity ratio is not impacted if the entity leases an asset, whereas it would be if the asset were purchased outright. True False Question 9 (0.5 points) All changes in accounting estimates should be accounted for only in the period of the change; there is no effect on future periods. True False