Multiple Choice
Use the table for the question(s) below. 
-If the above balance sheet is for a retail company, what indications about this company would best be drawn from the changes in shareholders' equity between 2017 and 2018?
A) The company is very profitable because it is obviously collecting receivables faster.
B) The company's net income in 2018 was negative.
C) The company is selling its property, plant and equipment, which may result in a long-term deficiency in production capacity.
D) No conclusions can be drawn regarding shareholders' equity without additional information.
Correct Answer:
Verified
Correct Answer:
Verified
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