This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The basic concept of the quick method of accounting for GST/HST is best described as follows: (Read 146 times)

justinmsk

  • Hero Member
  • *****
  • Posts: 524
on: Nov 11, 2019
The basic concept of the quick method of accounting for GST/HST is best described as follows:
◦ The quick method allows a small company to pay as little tax as possible.
◦ Only small companies with total sales of less then $150,000 can use the quick method.
◦ A small company with large capital purchases should always avoid using the quick method.
◦ A smaller company will remit about as much tax as they would if detailed records were maintained.
College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by justinmsk on Nov 11, 2019

adf223

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


justinmsk

  • Member
  • Posts: 524
Reply 2 on: Nov 11, 2019
YES! Correct, THANKS for helping me on my review

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Selecting a Method for Measuring Body Temperature Selecting a Method for Measuring Body Temperature
Delta method advice Delta method advice
Linear programming problems using the simplex method. Linear programming problems using the simplex method.
Derive the following using the increment/delta method and find its slope Derive the following using the increment/delta method and find its slope
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Basic Chemical Structure of Amino Acids Basic Chemical Structure of Amino Acids
Video: Types of disease resistance: innate defenses & immunity

For a complete list of videos, visit our video library