Franco Company credits its Sales Revenue account for the sales price and the sales tax collected on sales. If the sales tax rate is 9% and the balance in the Sales Revenue account amounted to €465,000, what is the amount of the sales taxes owed to the taxing authority (rounded to the nearest €) ?
A) €51,667.
B) €42,660.
C) €41,850.
D) €38,395.
Correct Answer:
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