HP, manufactures a variety of cleaning products. Listed below are five events that occurred during the current year: 

1. Declared a Rs 15 per share cash dividend.

 2. Paid the cash dividend. 

3. Purchased 1,000 shares of treasury stock for Rs 43 per share.

4. Reissued 600 shares of the treasury stock at a price of Rs 53 per share. 5 

Declared a 10 percent stock dividend. 

Requirement: 

1. Indicate the effects of each of these events on the financial measurements listed in the four column headings listed below. 

Use the following code letters: I for increase, D for decrease, and NE for no effect. a. Net Cash Flow b. Current Stockholders’ Net (from any Event Assets Equity Income source) 

2. For each event, explain the reasoning behind your answers.