Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please I need answer for the 2 questions. Thank youu Ivanhoe Company has the following items: common stock, $930000; treasury stock, $104000; deferred income taxes,
Please I need answer for the 2 questions. Thank youu
Ivanhoe Company has the following items: common stock, $930000; treasury stock, $104000; deferred income taxes, $126000 and retained earnings, $454000. What total amount should Ivanhoe Company report as stockholders' equity? $1406000. $1532000. $1154000. $1280000. The following information was taken from the 2021 financial statements of Marigold Corp.: Inventory, January 1, 2021 $ 172000 Inventory, December 31, 2021 232000 Accounts payable, January 1, 2021 159000 Accounts payable, December 31, 2021 248000 Sales revenue 1280000 Cost of goods sold 790000 If the direct method is used in the 2021 statement of cash flows, what amount should Marigold report as cash payments to suppliers? $819000 $939000 $879000 $761000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started