Colie company had an increase in inventory of 120000

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13. 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?
Explanation: 490,000 + 120,000 + 30,000 = 640,000 14. Each of the following items may be classified as operating or financing activities under IFRS except all of these answer choices may be classified as such.
15. The current assets of Orangatte Company are $227,500. The current liabilities are $130,000. The current ratio expressed as a proportion is
16. All of the following requirements about internal controls were enacted under the Sarbanes Oxley Act of 2002 except:
17. Which of the following is not an internal control activity for cash?
18. Before a check authorization is issued, the following documents must be in agreement, except for the receiving report.
19. 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

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