Use the Table for the Question(s)below

question 94

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.

---

Definitions:

Dyspneic

Experiencing difficulty in breathing or shortness of breath, a symptom associated with various medical conditions.

Critical Thinking

The intellectual process of actively and skillfully conceptualizing, applying, analyzing, synthesizing, and evaluating information.

Self-examining

The process of introspection, analyzing one's own thoughts, emotions, and actions for personal growth or understanding.

Aphasic

Pertaining to aphasia, a condition characterized by the loss of the ability to understand or express speech, caused by brain damage.