Which of the Following Documents Is NOT Part of a System

question 33

Multiple Choice

Which of the following documents is NOT part of a system designed to protect both the importer and exporter from non-completion of trade?

• A) letter of credit
• B) draft
• C) bill of lading
• D) All of the above are important protective documents.

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Definitions:

Noncontrolling Shareholders

Shareholders who own a minority of a company's shares and thus have limited influence on corporate decisions.

Minority Interest

The share of ownership in a subsidiary company that is not owned or controlled by the parent corporation.

Subsidiary's Stock

Shares owned in a company that is controlled by another entity (the parent company), often by owning the majority of its stock.

Consolidation Procedures

Accounting processes used to combine the financial statements of a parent company with its subsidiaries, presenting the group as a single economic entity.