April 2006 Question 48 U.S. Customs Broker License Exam Discussion

Thank you for watching this video segment from October 2017 Customs Broker License Examination (“CBLE”) preparation class.

Following CBLE question is the focus of this video:

Which is NOT an approved accounting method for identifying merchandise or articles for drawback purposes?

A. First-In, First-Out (FIFO)
B. High-to-Low
C. Last-In, First-Out (LIFO)
D. Low-to-High
E. Average

Correct Answer: (B).

The discussion is a part of lecture series designed to prepare for the upcoming Customs Broker License Examinations. Please visit https://www.lawcustoms.com/live/ for details about CBLE preparation classes.

We also invite you take a look at our recent publication- the 6th Edition of U.S. Customs Broker License Examination Preparation Guide Textbook – which is comprised of two volumes. Please visit https://www.lawcustoms.com/tb/ for details about CBLE preparation textbooks.