Which of the following results of analytical procedures would most likely indicate possible unrecorded inventory? A. Current

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Which of the following results of analytical procedures would most likely indicate possible unrecorded inventory?

A. Current ratio of 3:1 as compared to 5:1 for the prior year.

B. Inventory turnover is 3.25 during the current year compared to 3.75 during the prior year.

C. Inventory balance increase of 10% during the current period.

D. Accounts Payble turnover of 6 as compared to 8 for the prior period

Related Book For answer-question

South Western Federal Taxation 2015

ISBN: 9781305310810

38th edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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Posted Date: Apr 19, 2022 05:40 AM

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Which of the following results of analytical procedures would most likely indicate possible unrecorded inventory? A. Current

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OPTION A Current Ratio of 31 as compared to 51 for prior year Current Ratio C... View the full answer

South Western Federal Taxation 2015

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