The buyer has to prove his promise in an open account.
A. Right
B. Wrong
C. Doesn't say
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A commercial letter of credit is used when ______.
A. the underlying transaction is consummated by the applicant
B. the underlying transaction is not performed by the applicant
C. something will go wrong or a negative event will occur
D. it is necessary to assure the performance of non - monetary obligations
The larger a corporation's taxable income, the closer its average tax rate comes to the higher ______ pate.
A. marginal
B. interest
C. exchange
D. ceiling
Through open account, the seller will. manufacture goods before payment is required.
A. Right
B. Wrong
C. Doesn't say
The fact that interest _-- are tax deductible while dividends are not is a major consideration in the financial structure of an overseas subsidiary.
A. rates
B. earnings
C. inputs
D. charges