Question
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
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. Marigolds net cash provided by investing activities for 2021 was
$409500.
$562000.
$867000.
$896000.
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