Marigold Corp.'s transactions for the year ended December 31, 2021 included the following: • Acquired 50% of Ivanhoe Co
Posted: Mon May 02, 2022 7:01 am
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.
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.