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The presumptive input tax may be claimed as a credit against output tax by  the following taxpayers, except:   Group of answer choices Processors of sardines. Manufacturers of refined sugar. Manufacturers of flour. Processors of milk.

The presumptive input tax may be claimed as a credit against output tax by  the following taxpayers, except:   Group of answer choices Processors of sardines. Manufacturers of refined sugar. Manufacturers of flour. Processors of milk.

FINANCIAL ACCOUNTING
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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The presumptive input tax may be claimed as a credit against output tax by  the following taxpayers, except:
 
Group of answer choices
Processors of sardines.
Manufacturers of refined sugar.
Manufacturers of flour.
Processors of milk.
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