Bobs Bites has an HST Recoverable amount of $ 15,000 and an HST Payable amount of $ 10,000 at the end of the quarter. What should they do?
A) Pay the amount of HST payable of $ 10,000 and request a refund of $ 15,000.
B) File the quarterly return and request a refund of $ 5,000.
C) Pay the amount of HST payable of $ 10,000.
D) Delay filing their quarterly return until the next quarter when additional HST payable amounts are expected to offset the recoverable amount.
Correct Answer:
Verified
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