* Your answer is incorrect.Marigold Corp's balance sheet accounts as of December 31, 2025 and 2024, and information relating to 2025 activities are presentedbelow.AssetsDecember 31,20252024Cash$442000$200000Short-term investments601000Accounts receivable (net)10000001000000Inventory13900001220000Long-term investments402000601000Plant assets34000002010000Accumulated depreciation(898000)(898000)Patent181000198000Total assets$6518000$4331000Liabilities and Stockholders' EquityAccounts payable and accrued liabilities$1660000$1450000Notes payable (nontrade)578000Common stock, $10 par16000001380000Additional paid-in capital798000468000Retained earnings18820001033000Total liabilities and stockholders' equity $6518000$4331000Information 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 in2025.• 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).

Cash Flow Statement is prepared by an organisation to show the flow of cash during the accounting…

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

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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