Potpot plc has a gearing proportion of 40% at 31 December 2020. Which of the following statements is TRUE? Repayment of a long-term loan will reduce the gearing proportion. Repayment of trade payables will reduce the gearing proportion. O An ordinary share issue will increse the gearing proportion. Buying inventory on credit will increase the gearing proportion. If a bookstore bought shelves for the store for 15,000 and includes the cost of these in the cost of sales, then: Net profit ONLY will be understated by 15,000. O Gross profit ONLY will be understated by 15,000. O Gross profit ONLY will be overstated by 15,000. Both gross profit and net profit will be understated by 15,000. Which of the following would be an entry in a company's statement of changes in equity? O Interest expense for the year Repayment of a long-term loan Depreciation expense for the year O Dividends paid