Intermediate Accounting II

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 1 Sold a patent with a book value of $48,000 for $50,000 2 Redeemed $400,000 of bonds for $405,000. 3 Purchased inventory with a list price of $25,000 for $20,000 4 Repurchased 5,000 shares of its $10 par common stock for $600,000 5 Converted $50,000 of preferred stock into $50,000 of common stock