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

question 93

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:

Impairment Loss

The amount by which the carrying amount of an asset exceeds its recoverable amount.

Net Carrying Amount

The value at which an asset is recognized on the balance sheet after deducting accumulated depreciation and impairment losses.

Impairment Loss

A loss recognized in the financial statements when the carrying amount of an asset exceeds its recoverable amount.