A Company That Exports Products on Behalf of an Indirect

question 85

Multiple Choice

A company that exports products on behalf of an indirect exporter is called a(n) ________.

• A) distributor
• B) export trading company
• C) agent
• D) export management company

---

Definitions:

Conservatism

An accounting principle that advises to exercise caution and report expenses and liabilities as soon as possible, but to delay the recognition of revenues and assets.

Gross Profit Method

An inventory estimation technique that determines the cost of goods sold and ending inventory using the gross profit margin.

Gross Profit Method

A technique used for estimating inventory and cost of goods sold, calculated by applying a gross profit percentage to sales.