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Five events pertaining to Lubbock Manufacturing Co. are described as follows. Declared and paid a cash dividend. Issued a 10 percent stock dividend. Issued a
Five events pertaining to Lubbock Manufacturing Co. are described as follows.
- Declared and paid a cash dividend.
- Issued a 10 percent stock dividend.
- Issued a 2-for-1 stock split.
- Purchased treasury stock.
- Reissued the treasury stock at a price greater than the purchase price.
Indicate the immediate effects of the events on the financial measurements in the four column headings listed. Use the code lettersIfor increase,Dfor decrease, andNEfor no effect.
EVENT -- CURRENT ASSET -- STOCKHOLDER'S EQUITY -- NET INCOME -- NET CASH FLOW (FROM ANY SOURCE)
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