please answer within 30 minutes The Bond for an item under temporary importation and 1/60 partial GSTValue of the item USD $275000Exchange Rate1.2635Duty Rate6 months6%$18415.51None of the options$1737.31$20847.75

Bond refers to an acknowledgment of debt. There is a fixed rate of interest paid on bond and the…

Answered: The Bond for an item under temporary…

Business

Accounting

The Bond for an item under temporary importation and 1/60 partial GST

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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Question

please answer within 30 minutes

The Bond for an item under temporary importation and 1/60 partial GST
Value of the item USD $275000
Exchange Rate
1.2635
Duty Rate
6 months
6%
$18415.51
None of the options
$1737.31
$20847.75

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