Multiple Choice Question 176 Colie Company had an increase in inventory of $ 120,000 . The cost of goods sold was $ 490,000 . There was a $ 30,000 decrease in accounts payable from the prior period . Using the direct method of reporting cash flows from operating activities , what were Colie ' s cash payments to suppliers ?
IFRS Multiple Choice Question 04 Each of the following items may be classified as operating or financing activities under IFRS except Multiple Choice Question 165 The current assets of Orangatte Company are $ 227,500 . The current liabilities are $ 130,000 . The current ratio expressed as a proportion is Multiple Choice Question 41 All of the following requirements about internal controls were enacted under the Sarbanes Oxley Act of 2002 except : Explanation : Redundant controls are actually a good thing because they help close potential auditing loopholes . Multiple Choice Question 85
Which of the following is not an internal control activity for cash ? Multiple Choice Question 92 Before a check authorization is issued , the following documents must be in agreement , except for the receiving report . invoice . purchase order . remittance advice . Multiple Choice Question 115 Mitchell Corporation bought equipment on January 1 , 2014 . The equipment cost $ 180,000 and had an expected salvage value of $ 30,000 . The life of the equipment was estimated to be 6 years . The book value of the equipment at the beginning of the third year would be
Explanation : Depreciation would be 25K per year , thus 130K at the beginning of year 3 . Multiple Choice Question 142