Derrick buys a CD, but after listening to it, decides he doesn't like the music. May he legally sell the CD to someone else? If he thinks his cousin would enjoy the music, may he legally copy the CD for her?
Under the first sale doctrine, Derrick has the legal right to sell the CD or otherwise dispose of it. However, the first sale doctrine does not allow the owner to make a copy of a copyrighted work. Copying and giving away a copy of the CD would be unfair to the owner of the copyright, who would not receive compensation for the intellectual property rights.
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A substantive test of transactions to test the completeness assertion includes:
A. recomputing the accuracy of a sample of payroll checks. B. tracing a sample of time sheets to the payroll register. C. testing a sample of payroll checks for the presence of an authorized time sheet. D. testing postings to the payroll register for a sample of payroll checks.
Differences exist between IFRS and GAAP in the reporting of EPS. Which of the following areas is not an area of difference?
A) adjustment in options calculations for unrecognized compensation cost B) treatment of unvested contingently issued shares C) treatment of dividends in arrears for convertible preferred stock D) treatment of contracts that may be settled in shares or for cash
R2 cannot decrease as more independent variables are added to the regression equation
Indicate whether the statement is true or false
Building depreciation is an example of a direct product cost in a manufacturing company
Indicate whether the statement is true or false