Which of the Following Documents Provided by a Seller Represents

question 44

Multiple Choice

Which of the following documents provided by a seller represents freight?

• A) bill of lading
• B) letter of credit
• C) invoice
• D) insurance policy

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Definitions:

Compound Interest

This refers to the interest that is calculated on both the original principal amount and on the interest that has previously been added to that principal in past periods.

Initial Principal

The original sum of money borrowed in a loan or invested, before any interest or profit is added.

Reinvested

The act of using dividends, interest, or any form of returns to purchase additional shares or assets rather than taking cash.

Present Value

The current financial evaluation of receiving a sum of money or series of payments in the future, discounted by a pre-determined return rate.