All Else Being Equal,a Firm That Is Not Registered for GST

question 42

True/False

All else being equal,a firm that is not registered for GST is likely to report a higher profit than a registered firm.

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Definitions:

Contributory Negligence

A legal principle where if a party can be shown to have contributed to their own injury or loss, they may be barred from recovering damages.

Smoke Alarms

Devices designed to detect smoke and emit an alarm, providing early warning of fire.

Negligence Action

A legal claim brought against someone who fails to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Building Owner

An individual or entity that holds title to a building or property.