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

Declared a Rs 15 per share cash dividend.

Paid the cash dividend.

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

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

Declared a 10 percent stock dividend.

Requirement:

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.

Net Cash Flow

Current Stockholders’ Net (from any Event Assets Equity Income source)

For each event, explain the reasoning behind your answers.