Canadian Colour Company (CCC) purchased GST-taxable supplies from Polaroid Canada worth $32,000.00 during 2019. CCC used these supplies to provide prints for its customers. CCC's total taxable sales for the year were $50,000.00. How much tax must CcC remit to the Canada Revenue Agency (CRA)?

Canadian Colour Company (CCC) purchased GST-taxable supplies from Polaroid Canada worth $32,000.00 during 2019. CCC used these supplies to provide prints for its customers. CCC's total taxable sales for the year were $50,000.00. How much tax must CcC remit to the Canada Revenue Agency (CRA)?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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