Through the U

question 70

Multiple Choice

Through the U.S. Generalized System of Preferences (GSP) , developing countries may export goods duty-free to the United States if they ________.

• A) demonstrate progress toward protecting the natural environment
• B) demonstrate progress toward improving the rights of their workers
• C) agree to exempt U.S. imports from local content rules
• D) belong to the World Trade Organization (WTO)
• E) refuse to participate in expropriation

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Definitions:

Common Dividend Payable

is a liability recorded on a company’s balance sheet representing the amount of dividends declared by the board of directors to be paid out to common stockholders.

Stock Dividend

A distribution of a corporation's earnings to its shareholders in the form of additional shares, rather than cash.

Total Equity

The residual interest in the assets of a business after deducting liabilities, representing the shareholders' ownership interest.

Retained Earnings

Retained Earnings are the portion of a business's profits not distributed to shareholders as dividends, but kept in the company to reinvest in the business or pay off debt.