Which of the Following Statements Is True About HST -

question 7

Multiple Choice

Which of the following statements is true about HST -

• A) HST is applied to all goods and services
• B) HST is applied only for goods that the business will not sell to customers
• C) HST is applied in all provinces of Canada
• D) HST rates depend on the provincial tax rate portion included

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Definitions:

Negotiable

The term negotiable refers to a legal document, such as a check or bill of exchange, that signifies a promise to pay a specific amount of money and is transferable from one person to another.

Negotiable

A characteristic of documents or instruments that allows them to be transferred or endorsed from one party to another, altering ownership.

Payment

The act of giving money or other compensation to settle a transaction or obligation.

Fund

A collection of money set aside for a specific purpose or invested to generate income.