Question 13 Assume that a company currently depreciates its fixed assets over 7 years. Which of the following would occur if a tax law change forced the company to depreciate its fixed assets over 10 years instead? a. The company's tax payment would increase. b. The company's cash position would increase. c. The company's net income would increase. d. Answers a and c are correct. e. Answers b and c are correct. 5 points Question 14 Harmeling Enterprises experience a decline in net operating profit after taxes (NOPAT). Which of the following definitely cannot help explain this decline? a. Costs of goods sold increased. b. Sales revenues decreased. c. Depreciation increased. d. Taxes increased. e. Interest expense increased. 5 points Question 15 Holmes Aircraft recently announced an increase in its net income, yet its net cash flow declined relative to last year. Which of the following could explain this performance? a. The company's interest expense increased. b. The company's depreciation expense declined. c. The company's operating income declined. d. All of the statements above are correct. e. None of the statements above is correct. 5 points Question 16 Last year Aldrin Co. had negative net cash flow, yet its cash on the balance sheet increased. What could explain these events? a. Aldrin issued long-term debt. b. Aldrin repurchased some of its common stock. c. Aldrin sold some of its assets. d. Statements a and b are correct. e. Statements a and c are correct. 5 points