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

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.

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

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