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Lukas Ltd. reports cash receipts of $10,000 on October 1. What amount will be the amount included in revenue (sales) on the income statement assuming

  1. Lukas Ltd. reports cash receipts of $10,000 on October 1. What amount will be the amount included in revenue (sales) on the income statement assuming the receipts were for sales in Alberta and are already inclusive of 5% GST? __________________

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