• 2022-05-31
    Which of the following is deemed sales of goods in accordance with VAT laws and regulations?
    A: Supermarket B distributes purchased toothbrushes to employees as benefits.
    B: Company A uses purchased liquor for business entertainment
    C: Garment factory C uses purchased buttons to produce clothes.
    D: Toy factory D donates self-produced toys to a Children's Welfare Institute.
  • D

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    • 0

      Your company purchased on credit art equipment from Greg’s Equipment Company for $3,900. The transaction will be recorded as:

    • 1

      The Ashley Corporation purchased $600,000 of 4%, 5-year bonds at 97 on January 1, 2014. Interest is to be paid semiannually on January 1 and July 1. This is a held-to-maturity investment. This company uses the straight-line method to amortize any premiums

    • 2

      2) Shopping goods are purchased more often than convenience goods.

    • 3

      When computing the cost of the basket of goods and services purchased by a typical consumer, which of the following changes from year to year? A: The quantities of the goods and services purchased. B: The prices of the goods and services. C: The goods and services making up the basket. D: All the choices are correct.

    • 4

      Which of the following marine insurance policies is normally purchased by the cargo owner?(). A: Hull B: Cargo C: Protection and Indemnity D: Pollutio