Formed in 2004 and Formalized in 2008, ________ Makes Up

question 51

Multiple Choice

Formed in 2004 and formalized in 2008, ________ makes up the largest trading block after NAFTA and the European Union.

• A) CAFTA-DR
• B) FTAA
• C) UNASUR
• D) MCAN
• E) GATT

---

Definitions:

Completed-Contract Method

An accounting technique used to recognize revenue and expenses upon the completion of a contract, rather than progressively over its duration.

Partial Billings

Invoicing for a portion of a project or contract's value before the work is fully completed, typically used in long-term contracts.

Net Assets

The difference between total assets and total liabilities, representing the owner's or shareholders' equity in a company.