Archie's Has a $12 000 Credit Balance in the GST

question 41

Multiple Choice

Archie's has a $12 000 credit balance in the GST clearing account.Which of the following statements is CORRECT?

• A)The tax paid to suppliers has exceeded the tax collected from customers for the period.
• B)This is an amount owing by the government to the business.
• C)GST clearing is a tax expense.
• D)There is a $12 000 current liability to report on the balance sheet.

Know the significant events that led to the advocacy for an eight-hour workday.

Distinguish between various forms of strikes and their strategic purposes.

Grasp the structure and strategy behind labor federation and union representation.

Analyze the impact of management philosophies on labor practices.

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Definitions:

Onsite And Offsite

Referring to activities or work conducted within the main location (onsite) versus those carried out remotely or at another location (offsite).

Sports Arena

A large enclosed area designed and equipped to host sports events and potentially concerts or other entertainment events, featuring seating for spectators around the actual playing area or stage.

Fast-food Chains

A series of restaurants offering quick service and a menu of fast food items, characterized by a consistent set of offerings across locations.

Ecotourism

is responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and involves interpretation and education.