Marigold Corp.'s transactions for the year ended December 31, 2021 included the following: • Acquired 50% of Ivanhoe Company's common stock for $305000 cash which was borrowed from a bank. • Issued 5300 shares of its preferred stock for land having a fair value of $483000. • Issued 570 of its 11% debenture bonds, due 2026, for $594000 cash. • Purchased a patent for $334000 cash. • Paid $188000 toward a bank loan. • Sold available-for-sale securities for $1201000
Marigold Corp.'s transactions for the year ended December 31, 2021 included the following: • Acquired 50% of Ivanhoe Company's common stock for $305000 cash which was borrowed from a bank. • Issued 5300 shares of its preferred stock for land having a fair value of $483000. • Issued 570 of its 11% debenture bonds, due 2026, for $594000 cash. • Purchased a patent for $334000 cash. • Paid $188000 toward a bank loan. • Sold available-for-sale securities for $1201000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Marigold Corp.'s transactions for the year ended December 31, 2021 included the following:
• Acquired 50% of Ivanhoe Company's common stock for $305000 cash which was borrowed from a bank.
• Issued 5300 shares of its preferred stock for land having a fair value of $483000.
• Issued 570 of its 11% debenture bonds, due 2026, for $594000 cash.
• Purchased a patent for $334000 cash.
• Paid $188000 toward a bank loan.
• Sold available-for-sale securities for $1201000.
• Had a net increase in returnable customer deposits (long-term) of $128000.
Marigold’s net cash provided by investing activities for 2021 was
$409500.
$562000.
$867000.
$896000.
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