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Which statement is true about GST If GST payable (owning) is negative, it means that the company will receive money back from CRA. GST payable

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Which statement is true about GST If GST payable (owning) is negative, it means that the company will receive money back from CRA. GST payable (owning) is calculated as 5% of sales. GST collected is calculated as 5% of applicable expenses. GST paid is money collected by the company that will have to be returned to CRA

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