Marigold Corp's balance sheet accounts as of December 31, 2025 and 2024, and information relating to 2025 activities are presented below. Assets December 31, 2025 2024 Cash $442000 $200000 Short-term investments 601000 Accounts receivable (net) 1000000 1000000 1390000 12300m

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Marigold Corp's balance sheet accounts as of December 31, 2025 and 2024, and information relating to 2025 activities are presented
below.
Assets
December 31,
2025
2024
Cash
$442000
$200000
Short-term investments
601000
Accounts receivable (net)
1000000
1000000
Inventory
1390000
1220000
Long-term investments
402000
601000
Plant assets
3400000
2010000
Accumulated depreciation
(898000)
(898000)
Patent
181000
198000
Total assets
$6518000
$4331000
Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities
$1660000
$1450000
Notes payable (nontrade)
578000
Common stock, $10 par
1600000
1380000
Additional paid-in capital
798000
468000
Retained earnings
1882000
1033000
Total liabilities and stockholders' equity $6518000
$4331000
Information relating to 2025 activities:
• Net income for 2025 was $1480000.
⚫ Cash dividends of $601000 were declared and paid in 2025.
⚫ Equipment costing $1010000 and having a carrying amount of $322000 was sold in 2025 for $362000.
⚫ Along-term investment was sold in 2025 for $322000. There were no other transactions affecting long-term investments in
2025.
• 22000 shares of common stock were issued in 2025 for $25 a share.
⚫ Short-term investments consist of treasury bills (A-F-S debt securities) maturing on 6/30/26.
Net cash used in Marigold's 2025 investing activities was
○ ($1676000).
• ($1716000).
○ ($2317000).
($1803000).
Transcribed Image Text:* Your answer is incorrect. Marigold Corp's balance sheet accounts as of December 31, 2025 and 2024, and information relating to 2025 activities are presented below. Assets December 31, 2025 2024 Cash $442000 $200000 Short-term investments 601000 Accounts receivable (net) 1000000 1000000 Inventory 1390000 1220000 Long-term investments 402000 601000 Plant assets 3400000 2010000 Accumulated depreciation (898000) (898000) Patent 181000 198000 Total assets $6518000 $4331000 Liabilities and Stockholders' Equity Accounts payable and accrued liabilities $1660000 $1450000 Notes payable (nontrade) 578000 Common stock, $10 par 1600000 1380000 Additional paid-in capital 798000 468000 Retained earnings 1882000 1033000 Total liabilities and stockholders' equity $6518000 $4331000 Information relating to 2025 activities: • Net income for 2025 was $1480000. ⚫ Cash dividends of $601000 were declared and paid in 2025. ⚫ Equipment costing $1010000 and having a carrying amount of $322000 was sold in 2025 for $362000. ⚫ Along-term investment was sold in 2025 for $322000. There were no other transactions affecting long-term investments in 2025. • 22000 shares of common stock were issued in 2025 for $25 a share. ⚫ Short-term investments consist of treasury bills (A-F-S debt securities) maturing on 6/30/26. Net cash used in Marigold's 2025 investing activities was ○ ($1676000). • ($1716000). ○ ($2317000). ($1803000).
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