Question
Stine Company had a cost of purchase os $210,000. The comparative balance sheet analysis revealed a $9,000 decrease in inventory and a $11,000 increase in
Stine Company had a cost of purchase os $210,000. The comparative balance sheet analysis revealed a $9,000 decrease in inventory and a $11,000 increase in accounts payable. What were Stine's cash payments to suppliers?
a. $190,000 b. $230,000 c. $199,000 d. $219,000
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Auditing The Procurement Function The Iia Research Foundation Handbook Series
Authors: David O Regan, CIA, FCA
1st Edition
0894136224, 978-0894136221
