From a company's financial reports of January 2019, we can read the following: • The cost...
From a company's financial reports of January 2019, we can read the following: • The cost of goods sold was NOK 3 234 000 • Payable operating costs were NOK 829 000 • Increased balance of inventory was NOK 116 000 • Increased balance of Account Payable was NOK 288 000 Under the assumption that all costs are subject to 25.00% deductible input VAT, how much was paid to the suppliers in January 2019?
Homework Answers
Answer~
NOTE- under the assumption
that all costs are subject to 25% all ready deducted .
Hence the Amount paid to suppiers is NOK 223300
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From a company's financial reports of January 2019, we can read
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problem 12-4
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