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Sud The 12/31/2018 balance sheet of int Co. Included the following: Common stock, 25 million shares at $2e par Paid-in capital-excess of par Retained earnings

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Sud The 12/31/2018 balance sheet of int Co. Included the following: Common stock, 25 million shares at $2e par Paid-in capital-excess of par Retained earnings $ 5ee million 3,000 million 989 million In January 2018, Mini recorded a transaction with this journal entry 150 million Cash Common stock Paid-in capital-excess of par 1ee million 5e million In February 2018, Illini declared cash dividends of $12 million to be paid in April of that year. What effect did the April transaction have one's accounts Multiple Choice Increased liabities and decreased shareholders' equity Decreased assets and abilities Multiple Choice Increased liabilities and decreased shareholders equity Decreased assets and liabilities Decreased assets and shareholders' equity None of these answer choices are correct

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