Identify what types of work are eligible to be copyrighted
The types of work that can be copyrighted include architecture, art, audiovisual works, choreography, drama, graphics, literature, motion pictures, music, pantomimes, pictures, sculptures, sound recordings, and other intellectual works, as described in Title 17 of the U.S. Code. To be eligible for a copyright, a work must fall within one of the preceding categories, and it must be original. Copyright law has proven to be extremely flexible in covering new technologies; thus, software, video games, multimedia works, and Web pages can all be protected. However, evaluating the originality of a work is not always a straightforward process, and disagreements over whether or not a work is original sometimes lead to litigation.
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Indicate whether the statement is true or false
Selected information from the accounting records of Thackary Company is as follows: Net sales for 2014 .................................... $750,000 Cost of goods sold for 2014 ........................... 500,000 Inventory at December 31 . 2013 ........................ 125,000 Inventory at December 31 . 2014 ........................ 100,000 Thackary's inventory turnover for 2014 is
a. 7.50 times. b. 6.665 times. c. 4.44times. d. 2.22 times.
The Internal Revenue Service allows the use of both variable and absorption costing
Indicate whether the statement is true or false
All but which one of the following is a purpose of bankruptcy legislation?
a. To preserve existing business relations. b. To punish recalcitrant debtors. c. To bring about a quick, equitable distribution of the debtor's property among creditors. d. To allow rehabilitation of debtors.