Question 13 (0.5 points) An overstatement of opening inventory will result in an understatement of operating cash flows in the current period. True False Question 14 (0.5 points) A change in the useful life of an asset requires an accounting estimate change, which affects only periods after the change, is made. O True False Question 15 (0.5 points) A lease that is less than 12 months in duration may be classified as long-term if there are substantial penalties for non-renewal. True False Question 16 (0.5 points) One of the main incentives for entering into a sale- and-leaseback arrangement is the immediate cash inflow the seller receives from the sale component of the transaction. True O False