An importer in Germany requests a price quotation from a cotton broker in Memphis. The broker wishes to place the cotton in the hands of a multimodal terminal operator in Memphis for shipment through the port of New Orleans. He will pay the freight charges through to the German seaport, but he wishes the risk of loss to the cotton to pass to the German importer as soon as he places the cotton in
the hands of the multimodal terminal operator in Memphis. The broker should quote his prices for the cotton:
A) CIF Germany.
B) FOB New Orleans.
C) CPT New Orleans.
D) Ex Factory.
E)None of the above.
C
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a. a fair value measurement orientation. b. a revenue-expense orientation. c. an asset-liability orientation. d. all of the above.
A liability may exist even if there is uncertainty about whom to pay, when to pay, or how much to pay.
Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false
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A. multiple cutoff B. multiple hurdle C. compensatory D. contingency