Export Taxes

question 5

Multiple Choice

Export taxes

• A) protect importers from fraudulent exporters.
• B) are certified by the exporter's chamber of commerce.
• C) may be used when the shipped goods are minerals in short supply, or when the product has been heavily subsidized by the government.
• D) All of the above
• E) None of the above

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Definitions:

Journal

A record where all financial transactions are initially noted in chronological order before being transferred to accounts in the ledger.

Transaction

A financial event or agreement that results in a change to the balance of two or more accounts within a company's financial records.

Accounts

Recordings within financial accounting that track specific types of transactions, such as assets, liabilities, equity, expenses, and income.

Journal

A comprehensive record of all financial transactions of a business, listed in chronological order.