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16) For each of the following items, indicate in the space provided which section it would appear in the statement of cash flows and whether
16) For each of the following items, indicate in the space provided which section it would appear in the statement of cash flows and whether the number will appear as a decrease or an increase. Enter "O" for operating; " for investing; f for financing; or N for non-cash. Enter a "+" for increase and a "." for decrease. (1 point per box; total of 10 points) WHICH SECTION? INCREASE OR DECREASE? EVENT Reissued 2,000 of shares of its $10-par common stock, previously repurchased, for $600,000. 1 2 Purchased equipment by issuing a $40,000 note payable 3 Purchased a franchise for $50,000. 4 Issued $400,000 of bonds for $405,000. 5 Paid for insurance taking effect the following year for $20,000
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