5. When calculating a change, the later value is subtracted from the earlier value ? True...
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
Homework Answers
5. False, for calculating change, the earlier value is subtracted from later value.
6. False, a balance sheet is more likely to be reffered as the screenshot as because it shows the assets, liabilities as well as equity of the company at the same time.
7. False, Depreciation forms a part of normal business operations and thus, it is an operating expense.
8. True, Since, cash flow from assets = cash flow to owners - cash flow to creditors
9. True, since Earnings per share = net income/ no of shares outstanding
10. False, Accounting is more likely to be called as the rear view mirror as because it tells about past performance.
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