32 The statement of earnings would not include Select one: O a. the effect on prior years of changes in accounting standards b. the effect of non-operating transactions, c. the effect of discontinued operations Od the effect of impairment of goodwill. Which of the following events decreases shareholders' equity? Select one: O a Payment of a previously declared cash dividend. b. Declaration of a 5-percent stock dividend. c. Declaration of a cash dividend for preferred shares. O d. Declaration of a 2-for-1 stock split