A combined GST and PST rate of 12% applied to taxable supplies is called:
A) Combined Sales Tax.
B) Harmonized Sales Tax.
C) Input Tax Credit.
D) Zero-rated tax.
E) None of these answers is correct.
Correct Answer:
Verified
Q41: Estimated liabilities can arise from:
A) Property taxes.
B)
Q42: Contingent liabilities occur when the liability is:
A)
Q43: The difference between the amount received from
Q44: A short-term note payable:
A) Is not recorded
Q45: MiniCompany borrowed $6,000 by signing an 8%
Q47: Payroll liabilities for current employees are:
A) Current
Q48: The receipt of $6,000 in advance ticket
Q49: Unearned revenue is initially recognized with a:
A)
Q50: An estimated liability:
A) Can be the result
Q51: Provincial sales tax payable:
A) Is a contingent
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