Which of the Following Statements Holds True for Export Declaration

question 88

Multiple Choice

Which of the following statements holds true for export declaration?

• A)It is a document that authorizes the carrier to transport the goods to the buyer's destination.
• B)It is a document that contains the description of the items being shipped.
• C)It is a document that acts as proof that the shipment was made and that the goods have been received.
• D)It is a document that represents the bill for the goods shipped from the exporter to the importer or buyer.
• E)It is a document that shows the amount of coverage on the goods.

---

Definitions:

AASB 136

The Australian Accounting Standards Board standard that details the accounting treatment for impairments of assets.

Impairment

The action of or situation where the value of an asset is corrected downwards in the company's books to reflect a loss in value, ensuring the asset's recorded cost does not exceed its recoverable amount.

Issued Capital

The total value of a company's shares that have been issued to shareholders, representing the equity funding provided by shareholders.