Bronte& Saurus Company seels hardwood flooring to customers from its retail locations. It buys its flooring from
Fantastic news! We've Found the answer you've been seeking!
Question:
Bronte& Saurus Company seels hardwood flooring to customers from its retail locations. It buys its flooring from Woodchuck Mills, which charges Bronte & Saurus 13 percent HST whenever it makes a purchase. In 2015, Bronte & Saurus bought $ 50,000 worth of flooring from Woodchuck and made sales of $ 123,000, on which it charged its customers 13 percent HST. What will be the amount of HST that Bronte & Saurus will remit to the Receiver General for Canada for 2015?
A. $ 9,490
B. $ 15,990
C. $ 6,500
D. $ 13,000
Related Book For
Auditing a business risk appraoch
ISBN: 978-0324375589
6th Edition
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
Posted Date: