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Which of the following events decreases shareholders' equity? Select one: a. Payment of a previously declared cash dividend. O.b. Declaration of a 5-percent stock dividend.

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Which of the following events decreases shareholders' equity? Select one: a. Payment of a previously declared cash dividend. O.b. Declaration of a 5-percent stock dividend. O c. Declaration of a cash dividend for preferred shares. O d. Declaration of a 2-for-1 stock split

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