Clement Is the Owner of Dills Distillery, Which Makes and Bottles

question 125

Multiple Choice

Clement is the owner of Dills Distillery, which makes and bottles fruit wine. In his planning to export the wine, Clement should consider all of the following except

• A) the target country's balance of trade.
• B) demand for the wine.
• C) legal aspects of the target country.
• D) cultural aspects of the target country.
• E) economic road blocks.

---

Definitions:

Account Title

The name given to an account in the financial statements that uniquely identifies it.

Increase Side

The side of an accounting ledger where increases in account balances are recorded, typically the left side for assets and expenses, and the right side for liabilities, equity, and income.

Decrease Side

The side of an account used to record decreases in assets, expenses, or increases in liabilities and equity.

Ledger

A comprehensive collection of a company's financial transactions, organized by account.