Question
Shown below data about four quarters of 2020 budget for X Company: Second quarter Third quarter cost of material 60000 40000 Fourth quarter -70%
Shown below data about four quarters of 2020 budget for X Company: Second quarter Third quarter cost of material 60000 40000 Fourth quarter -70% of quarter's purchases is paid for in the quarter of purchases and the remaining 30% is paid for in the following quarter. Cash disbursement schedule for third quarter would be: O A. $46000 O B. $30500 OC. $40000 OD. none of the above
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International Financial Reporting and Analysis
Authors: David Alexander, Anne Britton, Ann Jorissen
5th edition
978-1408032282, 1408032287, 978-1408075012
