The Supreme Court has held that parody of copyrighted material is a per se violation of copyright law
a. True
b. False
Indicate whether the statement is true or false
False
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The ________ section of the statement of cash flows includes increases and decreases in long-term assets
A) investing activities B) financing activities C) operating activities D) non-cash operating activities
A software manufacturer may seriously consider locating its facility in Silicon Valley because
A. the great amounts of electricity that it will need will be readily available. B. the costs of construction and buildings are low in California. C. a highly skilled labor force with technology experience will be available. D. labor rates are likely to be lower in this part of the world than in any other. E. California is renowned for the exceptional tax benefits packages that it offers.
A. Discuss preemptive rights. b. Are preemptive rights more important in a closely held corporation or in a publicly held corporation? Explain
Arca Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$38,700 Budgeted fixed manufacturing overhead 170,700 Total budgeted manufacturing overhead$209,400 Budgeted production (a) 20,000units Standard hours per unit (b) 1.50machine-hours Budgeted hours (a) × (b) 30,000machine-hours Applying Overhead: Actual production (a) 15,000units Standard hours per unit (b) 1.50machine-hours Standard hours allowed for the
actual production (a) × (b) 22,500machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$9,812 Actual fixed manufacturing overhead 185,700 Total actual manufacturing overhead$195,512 Actual hours 22,300machine-hours ?The fixed overhead budget variance is: A. $57,675 F B. $57,675 U C. $15,000 U D. $15,000 F