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the ones highlighted in blue are wrong and i need someone to explain to me how Your answer is partially correct. 1 Marigold Corporation is

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image text in transcribedthe ones highlighted in blue are wrong and i need someone to explain to me how
Your answer is partially correct. 1 Marigold Corporation is preparing its December 31, 2020, balance sheet. The following items may be reported as either a current or long-term liability On December 15, 2020. Marigold declared a cash dividend of 53.20 per share to stockholders of record on December 31. The dividend is payable on January 15, 2021. Marigold has issued 1,000,000 shares of common stock of which 50,000 shares are held in treasury. At December 31, bonds payable of 5111,331,000 are outstanding The bonds pay 12% interest every September 30 and mature in installments of S27,832,750 every September 30, beginning September 30, 2021. At December 31, 2019, customer advances were $14.252,000. During 2020. Marigold collected $32.082.000 of customer advances, advances of $26.274.000 should be recognized in income. 2 3. For each item above, indicate the dollar amounts to be reported as a current liability and as a long term liability, if any, Reported as 1 Dividends payable Current Liability Bonds payable (September 30, 2021 installment) $ 27832750 Current Liability Bonds payable Other than September 30, 2021 installment $ 83498250 Long term Lisbiy Interest payable $ Current Liability 3: Customer advances S 20065000 Current Liability $ 3040000000 $ 27832750 $ 83498250 1085477215 00099007

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