Which of the following are changed when a corporation buys equipment for cash?

a. Current Assets

b. Shareholders' Equity

c. Total Assets

d. Total Liabilities

ABC Corporation has a 5% participating preference shares issue, along with ordinary shares issue. Which of the following statements is true?*

a. Participating preference shareholders receive a maximum dividend payment of 5%

b. Participating preference shareholders receive a minimum dividend payment of 5%.

c. Participating preference shareholders receive an average dividend payment of 5%.

d. Participating preference shareholders receive only 5% in dividends.

Please give an explanation. Thank you!