CUSTOMS BROKER Definition

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CUSTOMS BROKER is an individual or firm licensed to process entry and clear goods into the country for another.

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BALANCE SHEET is an itemized statement that lists the total assets and the total liabilities of a given business to portray its net worth at a given moment of time. The amounts shown on a balance sheet are generally the historic cost of items and not their current values.

MISCELLANEOUS INCOME is that income realized that is not directly related to the sale of standard products and services.

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