A desk with a selling price of $400 is sold to a business in Ontario where HST is 13% and to a business in British Columbia where the PST is 7% and the GST is 5%. the cost of the desk will be recorded in the accounts of the buyer at an amount that is A. higher in the province of Ontario B. lower in the province of British Columbia C. the same in both province D. lower in the province of Ontario Can someone tell me why D is the right answer?
A desk with a selling price of $400 is sold to a business in Ontario where HST is 13% and to a business in British Columbia where the PST is 7% and the GST is 5%. the cost of the desk will be recorded in the accounts of the buyer at an amount that is A. higher in the province of Ontario B. lower in the province of British Columbia C. the same in both province D. lower in the province of Ontario Can someone tell me why D is the right answer?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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am. 118.
Transcribed Image Text:A desk with a selling price of $400 is sold to a business in Ontario where HST is 13% and to a business in British Columbia where the PST is 7% and the GST is 5 %. the cost
of the desk will be recorded in the accounts of the buyer at an amount that is A. higher in the province of Ontario B. lower in the province of British Columbia C. the same
in both province D. lower in the province of Ontario Can someone tell me why D is the right answer?
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