A(n) ________ Is a Middleman in a Foreign Country or U.S

question 98

Multiple Choice

A(n) ________ is a middleman in a foreign country or U.S. possession that can obtain a corporate tax exemption on a portion of the earnings generated by the sale or lease of export property.

• A) Webb-Pomerene export association
• B) manufacturer's export agent
• C) export management company
• D) complementary marketer
• E) foreign sales corporation

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Definitions:

Trade Receivables

Amounts owed to a business by its customers arising from the sale of goods or services on credit.

Other Receivables

Financial claims against other entities besides accounts receivable, such as interest receivable, income taxes refundable, or insurance claims receivable.

Nontrade Receivables

Monies owed to a company that are not related to the sale of goods or services, such as loans to employees.

Loans

Loans refer to borrowed money that must be repaid with interest by the borrower to the lender, used typically for personal, business, or education purposes.