Under the fair use doctrine, instructors cannot be liable for copyright violations
Indicate whether the statement is true or false
False
You might also like to view...
Which one of the following statements is true?
a. When a company uses a subsidiary ledger, the balance in the control account, Accounts Receivable, shows only the amount the company expects to collect from the accounts receivable, net of any expected uncollectible accounts. b. An accounts receivable subsidiary ledger represents amounts due to vendors and suppliers. c. The balance in the control account, Accounts Receivable, should be equal to the sum of the balances in the subsidiary ledger for accounts receivable. d. A subsidiary ledger takes the place of the control account for some companies.
A memorandum required to satisfy the statute of frauds should contain
a. the names of the parties. b. the subject matter of the agreement. c. the consideration involved. d. all of these.
Bohon Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product contains the following information concerning direct materials:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials1.0pounds$5.50per pound$5.50During the year, the company completed the following transactions concerning direct materials:a. Purchased 19,700 pounds of raw material at a price of $4.70 per pound.b. Used 18,500 pounds of the raw material to produce 18,400 units of work in process.The company calculated the following direct materials
variances for the year: Materials price variance$15,760FMaterials quantity variance$550U Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,030,000$53,350$0$88,880$737,900=a.?????=b.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$1,910,130a.???????b.???????When the raw materials used in production are recorded in transaction (b) above, which of the following entries will be made? A. ($550) in the Materials Price Variance column B. $550 in the Materials Price Variance column C. ($550) in the Materials Quantity Variance column D. $550 in the Materials Quantity Variance column
Micropayments are payments that generally do not exceed
(a) $1 (b) $5 (c) $10 (d) $20