8. Which of the following will not affect shareholders\' equity? a. Selling inve

Question

8. Which of the following will not affect shareholders' equity? a. Selling inventory at a price above cost b. Issuing capital stock c. Paying dividends to shareholders d. Collecting accounts receivable 6. If a company has a piece of equipment that is intended for sale, it is most likely reported under: a. PP&E b. Supplies c. Other Assets d. Inventory 5. Which of the following is LEAST likely describing a CURRENT ASSET a. the right to collect money from that customer at a specified time in the future, within the next 12 months b. finished products for ready sale to customers and also materials to be made into products c. bills the company has already paid…but for services not yet received. d. productive assets not intended for sale 8. Which of the following will not affect shareholders' equity? a. Selling inventory at a price above cost b. Issuing capital stock c. Paying dividends to shareholders d. Collecting accounts receivable

Explanation / Answer

8) option d Collecting account receivable (cash will increase and debtors will decrease, thus no effect on equity) 6) option d Inventory 5) option d productive assets not intended for sale

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