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Question 7 With respect to the quick method of accounting for GST/HST, which of the following statements is NOT correct? 0/1 poin Ary brinets can

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Question 7 With respect to the quick method of accounting for GST/HST, which of the following statements is NOT correct? 0/1 poin Ary brinets can elect to me the quick method as long an annual GST/Mist included taxable sales total 800.000 or less Capital espertar dadurely for purposes of determining that tax credits The rates used to determine the GST/HST Bability under the quick method depend on whether the retrantibusiness that purchase ords for sale or less that provides are Current expenditure not reparately for purposes of determining patterit Question 8 0/1 poir With respect to the quick method of accounting for GST/HST, which of the following statements is NOT correct? Any business can efect to use the quick method as long as annual GSTAAST included taxable sales total $400,000 or lesa, Capital expenditures are tracked separately for purposes of determining input tax credita The rates used to determine the GST/HST liability under the quick method depend on whether the registrant is a business that purses for the provides services Current expenditures are not tracked separately for purposes of determining inputtan eredits

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