BDF limited as the following supplies: Supplies at standard rate $5,000,000 Supplies at Zero percent $3,000,00 Supplies at 25% $2,000,000 Exempt Supplies $5,000,000 The GCT threshold is $10,000,000. Which of the following statement is correct? BDF limited taxable has exempt supplies . The company is not required to register for VAT. BDF limited total supplies is $15,000,000 . The company is required to register for VAT. BDF limited taxable supplies is $7,000,000 . The company is not required to register for VAT. BDF limited total supplies is $9,000,000 . The company is required to register for VAT

BDF limited as the following supplies: Supplies at standard rate $5,000,000 Supplies at Zero percent $3,000,00 Supplies at 25% $2,000,000 Exempt Supplies $5,000,000 The GCT threshold is $10,000,000. Which of the following statement is correct? BDF limited taxable has exempt supplies . The company is not required to register for VAT. BDF limited total supplies is $15,000,000 . The company is required to register for VAT. BDF limited taxable supplies is $7,000,000 . The company is not required to register for VAT. BDF limited total supplies is $9,000,000 . The company is required to register for VAT

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter9: Operating Activities

Section: Chapter Questions

Problem 13QE

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