Which of the Following L/Cs Is Safest for the Exporter

question 32

Multiple Choice

Which of the following L/Cs is safest for the exporter?

• A)revocable,confirmed L/C
• B)irrevocable,unconfirmed L/C
• C)irrevocable,confirmed L/C
• D)revocable L/C

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Definitions:

Statement of Comprehensive Income

The comprehensive income statement is a financial document that encompasses all equity alterations within a period, excluding those caused by owner investments and distributions.

Cash Flow

The entire sum of cash and assets that are equivalent to cash being channeled into and out of a business venue.

Net Income

The total revenue minus expenses, taxes, and costs, representing the profit a company makes during a specific period.

Cash Flow from Operations

The net amount of cash generated by a company's normal business operations, reflecting how well it generates cash to fund its operating expenses and pay its debts.