31. A, VAT-registered, made the following purchases during the month of January 2018 Goods for sale, inclusive of VAT 224,000 Supplies, exclusive of VAT Office air conditioner, total invoice amount Home appliances for residence, gross of VAT Repair of store, total invoice amount evidenced by ordinary receipt of the contractor 20,000 56,000 17,600 4,400 Creditable input taxes are: a. 26,400 b. 29,400 c. 24,000 d. 32,400

31. A, VAT-registered, made the following purchases during the month of January 2018 Goods for sale, inclusive of VAT 224,000 Supplies, exclusive of VAT Office air conditioner, total invoice amount Home appliances for residence, gross of VAT Repair of store, total invoice amount evidenced by ordinary receipt of the contractor 20,000 56,000 17,600 4,400 Creditable input taxes are: a. 26,400 b. 29,400 c. 24,000 d. 32,400

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter17: Advanced Issues In Revenue Recognition

Section: Chapter Questions

Problem 19E: Rix Company sells home appliances and provides installation and service for its customers. On April...

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