________ Involve the Flow of Merchandise Through Distribution Channels, Usually

question 26

Multiple Choice

________ involve the flow of merchandise through distribution channels, usually across international borders, other than those authorized or intended by the manufacturer or producer.

• A) Reverse auctions
• B) Chargebacks
• C) Lift-outs
• D) Gray-market goods
• E) Exclusive dealing arrangements

---

Definitions:

Accumulated Depreciation

The total depreciation that has been recorded for an asset over its useful life.

Gain On Sale

The profit earned from the sale of an asset above its book value.

GAAP

A set of widespread accounting rules and standards, referred to as Generally Accepted Accounting Principles, used for financial reporting.

Fair Value

The estimated market value of an asset or liability, reflecting the amount at which it could be bought or sold in a current transaction between willing parties.