The following balances were taken from the October 31, 2019, balance sheet of HP, Inc. (dollars in millions).

INSTRUCTIONS:
For each of the five events listed here, indicate how they would affect the financial measures listed by completing the following chart. Assume that financial statements are prepared immediately after each event. Treat each event independently, and use the following key: increase (+), decrease (-), and no effect (NE).

Transcribed Image Text:

Net income $ 3,152 Current assets 20,177 13,290 Long-term assets Current liabilities 25,293 Long-term liabilities Shareholders' equity 9,367 (1,193)