A(n)_____ Is a Tax on Imports That Is Stipulated as a Money

question 43

Multiple Choice

A(n) _____ is a tax on imports that is stipulated as a money amount per unit.

• A)specific tariff
• B)ad valorem tariff
• C)effective tariff
• D)optimal tariff

Learn about the role of dividends and retained earnings within a corporation.

Comprehend the legal and financial separation between a corporation and its stockholders.

Understand how corporate shares influence the rights and responsibilities of stockholders.

Understand the effects of removing price floors and ceilings on market conditions.

---

Definitions:

Balance Sheet

A balance sheet showing the total assets, financial obligations, and shareholders' equity of a company at a specific moment.

Ledgerizing

The process of posting journal entries to the ledger accounts as a step in the accounting cycle for organizing financial information.

Journalizing

The act of recording financial transactions in a company's journal in order of occurrence before they are posted to the general ledger.

Posting

The process of transferring journal entry amounts to the respective accounts in the general ledger.