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Which is included in the cost of constructing a building

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Reference no: EM132807109

Problem 1: A customer makes a sales return (which included HST) to a retailer. The retailer will record the sales return by debiting:

a) HST Expense.
b) HST Payable.
c) HST Recoverable.
d) No entry debiting HST is needed.

Problem 2: Which of the following is included in the cost of constructing a building?

(a) cost of paving a parking lot
(b) cost of grading the land on which the building is to be constructed
(c) interest costs on a building loan incurred during construction
(d) cost of removing a demolished old building that existed on the land when it was purchased

Reference no: EM132807109

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