A Tax Imposed on an Imported Good Is Called a

question 69

Multiple Choice

A tax imposed on an imported good is called a

• A) tariff.
• B) quota.
• C) protection tax.
• D) capital inflow.
• E) capital outflow.

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Definitions:

Original Cost

The initial purchase price or cost of acquiring an asset including any additional expenses necessary to get it operational.

Cash Provided

The liquidity generated by a company's operations, which may include cash from revenue as well as financing and investing activities.

Financing Activities

Activities that result in changes in the size and composition of the equity capital and borrowings of an entity.

Direct Method

A way of presenting a cash flow statement where actual cash flows from operating activities are disclosed, as opposed to estimating them indirectly through differences in non-cash items.