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Tech Process, Inc., manufactures a variety of computer peripherals, such as tape drives and printers. Listed are five events that occurred during the current year.
Tech Process, Inc., manufactures a variety of computer peripherals, such as tape drives and printers. Listed are five events that occurred during the current year. 1. Declared a $1.00 per share cash dividend. 2. Paid the cash dividend. 3. Purchased 1,000 shares of treasury stock for $20.00 per share. 4. Reissued 500 shares of the treasury stock at a price of $18.00 per share. 5. Declared a 15 percent stock dividend. Required: a. Indicate the effects of each of the above events on the financial measurements listed under the four column headings. Use the following code letters: I for increase, D for decrease, and NE for no effect. Event Current Assets Stockholders' Equity Net Income Net Cash Flow (from any source) 1. 2. 3. 4. 5
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