Question

Tech Process, Inc., manufactures a variety of computer peripherals, such as tape drives and printers. Listed below 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.
Instructions
a. Indicate the effects of each of these events on the financial measurements listed in the four columnar headings listed below. Use the following code letters: I for increase, D for decrease, and NE for no effect


b. For each event, explain the reasoning behind your answers. Be prepared to explain this reasoning inclass.


$1.99
Sales0
Views71
Comments0
  • CreatedApril 17, 2014
  • Files Included
Post your question
5000