ABC Company is located in New Brunswick and registered to collect and remit all necessary transaction taxes. If the company produces boots and ships them to a purchaser located in British Columbia, how will the sale be taxed? Choose the correct answer. OA. HST at the prevailing rate in New Brunswick will be collected. O B. HST at the prevailing rate in British Columbia will be collected. Only GST will be collected and remitted on the sale. O C. O D. GST and PST will be collected and remitted on the sale.
ABC Company is located in New Brunswick and registered to collect and remit all necessary transaction taxes. If the company produces boots and ships them to a purchaser located in British Columbia, how will the sale be taxed? Choose the correct answer. OA. HST at the prevailing rate in New Brunswick will be collected. O B. HST at the prevailing rate in British Columbia will be collected. Only GST will be collected and remitted on the sale. O C. O D. GST and PST will be collected and remitted on the sale.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject - account
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Transcribed Image Text:ABC Company is located in New Brunswick and registered to collect and remit all necessary transaction taxes. If the company produces boots and ships them to
a purchaser located in British Columbia, how will the sale be taxed?
Choose the correct answer.
O A. HST at the prevailing rate in New Brunswick will be collected.
B.
HST at the prevailing rate in British Columbia will be collected.
O C. Only GST will be collected and remitted on the sale.
O D. GST and PST will be collected and remitted on the sale.
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