The International Trade Loan Program from the SBA Is for Exporters

question 6

True/False

The International Trade Loan program from the SBA is for exporters and for companies that have been adversely affected by imports and is intended to improve the borrower's competitive position.

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Definitions:

Land Account

An account on the balance sheet that reports the cost of land owned by a company.

Double-declining-balance

A method of accelerated depreciation that doubles the rate at which an asset's book value declines, compared to straight-line depreciation.

Straight-line Depreciation

A method of allocating the cost of a tangible asset evenly over its useful life.

Financial Accounting

The field of accounting focused on reporting financial information and transactions for decision makers outside the organization.