What accounting method gives retailers a tax advantage when inventory values are rising?

Suppose that World Corp. signs a contract to build a lumber processing plant in Siberia. If World Corp. signs a second contract agreeing to take partial payment for the plant in the form of lumber products produced at the plant, it is engaging in:

A) barter. B) switch trading. C) offset. D) compensation trading. E) a hybrid countertrade arrangement.

Under the European Union, customs duties have been eliminated among member nations

Indicate whether the statement is true or false