Answer the following statement(s) true (T) or false (F)
Because of the fair use doctrine, it is sometimes difficult to establish infringement.
ANSWER: True
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A company records the following journal entry: debit Cash $1,470, debit Sales Discounts $30, and credit Accounts Receivable $1,500. This means that a customer has taken what percentage cash discount for early payment?
A. 10% B. 5% C. 2% D. 15% E. 1%
When evaluating alternatives, what type of costs should be considered?
A. Fixed costs B. Prevention costs C. Sunk costs D. Relevant costs
If a lease is assigned, who is liable for the rent?
A) the assignor B) the assignee C) either the assignor or the assignee, but not both D) the landlord can collect from both the assignor and the assignee
Corporate political speech is afforded the same First Amendment protection as individual political speech
Indicate whether the statement is true or false