Which of the Following Is a Contract Between the Exporter

question 64

Multiple Choice

Which of the following is a contract between the exporter and shipper that specifies merchandise destination and shipping costs?

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

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Definitions:

Tax Effect

The impact of tax laws on business transactions, which influences how these transactions are structured and reported.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.

Current Liability

Refers to a company's financial obligations that are due to be settled within one year or within the normal operating cycle of the business.

Non-Current Liability

Liabilities not due for settlement within 12 months from the balance sheet date, representing longer-term financial obligations.