Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. moving to another question will save this response

Moving to another question will save this response. Question 4 of 30 Question 4 1...

90.2K

Verified Solution

Question

Accounting

image
Moving to another question will save this response. Question 4 of 30 Question 4 1 points Cole owns a business that hires out equipment to the public. He is registered for GST. During the current year he hired out a welder to a customer charging $165 for the hire of the equipment and a security deposit of $75. The welder was returned in a good state and the security deposit was returned to the customer What is the GST Hability of Cole as a result of this hiring arrangement? WAVE O $24 O $15 ONII O $25 O $16.50

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Use the following roster notations to write in set builder notation use as the variable...

Psychology
1.2K views

Losing a love one to illness inspire many to become a physician. Why would this be?

Physics
1.2K views

A 1 5 kg block is initially at rest on a horizontal frictionless surface when...

Accounting
1.2K views

On January 1, 2018, Morrow Inc. purchased a spooler at a cost of $40,000....

Accounting
1.2K views

The Cash Over and Short account: A) Is not necessary in a computerized accounting...

Accounting
1.2K views

The following accounts are on a trial balance of a corporation: Cash. q, $58,000...

Accounting
1.2K views

Explain in detail the duties of care, loyalty and obedience owed to a principal by...

Accounting
1.2K views

Prepare the necessary journal entries to record the following transactions, assuming Eustace Company uses a...

Accounting
1.2K views

The main purpose of calculating a standard food cost percentage is to: ...

Accounting
1.2K views

deed... How much is read bool? Poner Company reported during 2.000, mange ting 578.000, Cannot...

Accounting
1.2K views

Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days...

Accounting
1.2K views

What happens to each company's net income if sales increase by 40% ? (Round your...