The Following Parties Are Usually Guarantors in Forfaiting EXCEPT

question 1

Multiple Choice

The following parties are usually guarantors in forfaiting EXCEPT:

• A) commercial banks.
• B) government ministries of finance.
• C) large commercial enterprises.
• D) government banks.

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Definitions:

Employer Payroll Taxes Payable

Liabilities owed by employers for various payroll taxes, including social security and Medicare, based on employee wages.

Flow Of Costs

Flow of Costs refers to the manner in which costs move through a company's accounts, typically beginning as inventory and transitioning through to the cost of goods sold.

Allocating And Assigning

The process of charging costs to cost objects or determining how costs should be divided and assigned to specific segments of a business.

Accumulating And Assigning

The process of gathering cost data and allocating it to specific products, services, or departments.