Which of the Following Is Issued to an Exporter by a Common

question 98

Multiple Choice

Which of the following is issued to an exporter by a common carrier transporting the merchandise and serves as a receipt, a contract, and a document of title?

• A)Bill of lading
• B)Collateral
• C)Draft
• D)Letter of credit
• E)Bill of exchange

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Definitions:

Depreciation

Depreciation is the accounting process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Book Value

The net value of a company's assets, subtracting its liabilities, as recorded on the balance sheet.

Liquid Assets

Assets that can be quickly converted into cash without significant loss of value, such as stocks or government bonds.

Inventory

A complete list of items such as property, goods in stock, or the contents of a building.