Under NAFTA, a customs broker must have an office or residence within the borders of a country in order to do business in that country
Indicate whether the statement is true or false
False
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Which of the following statements is true about the economies of Africa?
A) South Africa's main export is oil. B) Nigeria is an upper-middle income country. C) Nigeria and South Africa, account for over two-thirds of sub-Saharan African GDP. D) South Africa is the largest country in Africa, and has a lower-middle income economy.
Joe, a lobbyist who represents the oil industry, is meeting with several members of Congress to try to exert political influence by contributing funds to the lawmakers' election campaigns. Joe also is involved in a letter-writing campaign to promote his cause. Joe is working on behalf of a
A. government regulator. B. task force. C. focus group. D. strategic alliance. E. special-interest group.
Purchaser Corporation acquires 30% of the outstanding voting common shares of the Investee Corporation for $600,000 . Purchaser Corporation acquires the investment in Investee Corporation by buying previously issued shares of Investee Corporation from other investors. When Purchaser Corporation acquired 30% of Investee Corporation's common shares for $600,000, Investee Corporation's total
shareholders' equity was $1.5 million. Purchaser Corporation's cost exceeds the carrying value of the net assets acquired by $150,000 [ $600,000 - (0.30 x $1,500,000)]. Purchaser Corporation attributes the $150,000 excess purchase price as follows: $100,000 to remeasure buildings and equipment to fair value and $50,000 to goodwill. Which of the following is/are true? a. Purchaser Corporation does not reclassify this excess out of its Investment in Stock of Investee Corporation account to Buildings and Equipment and to Goodwill. b. Purchaser Corporation must amortize (or depreciate) any amount attributed to assets with limited lives. c. Purchaser Corporation must depreciate the $100,000 attributed to buildings and equipment over their remaining useful lives. d. U.S. GAAP and IFRS do not permit the investor to amortize the excess purchase price attributed to goodwill and other assets with indefinite lives. Instead, the investor must test the investment account annually for possible impairment. e. all of the above
A retailer has no intention of selling the advertised item in _____
a. bait-and-switch advertising b. item price removal c. price discrimination d. unit pricing