ADM 1340 Chapter Notes - Chapter 10: Income Statement, Byrsonima Crassifolia, Promissory Note

26 views12 pages
ceruleanclam927 and 54 others unlocked
ADM 1340 Full Course Notes
42
ADM 1340 Full Course Notes
Verified Note
42 documents

Document Summary

Sales taxes taxes are always posed on products and services sales tax is expressed as a percentage of the sales price three types. Harmonized sales tax (hst) in quebec pst is known as the qst. Hst of ,300 (13%) if subjected to a federal tax of (5%) and provincial sales tax of. (7%) sales tax payable is used for both gst and pst. 5 months that have passed are recorded as a property tax expense remaining 7 months are recorded as a prepayment after the property tax has been paid for, liabilities have a zero balance prepayment still exists. has been accrued already interest must be updated for ,500 (100,000 x 6% x 3/12) april - june. of the note will be repaid when nancial statements are prepared on dec 31, 2012, should be reported as a current liability, ,000 as a non current liability. Current liabilities listed in order of liquidity by due date.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions