Drafted under U.S. influence, the Council of Europe's "Convention on Cybercrime" obligates participating countries to:
A. send out unsolicited commercial e-mails.
B. disclose private information to government agents.
C. create a "do-not-e-mail" registry.
D. outlaw commercial copyright infringement.
Answer: D
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Which statement is false?
A) Salaries expense + Decrease in salaries payable = Cash payments to employees. B) Other revenues + Increase in unearned revenues ? Gains on disposal of assets ? Equity investment income = Other operating cash receipts. C) Sales revenue ? Increase in accounts receivable = Cash collections from customers. D) Other expenses + Decrease in prepaid expenses ? Depreciation expense + Losses on disposal of assets ? Equity investment loss = Other operating cash payments.
On October 1, 2018, Northern Company purchased a patent for $211,000 cash. Although the patent gives legal protection for 20 years, the patent is expected to be used for only 10 years. The patent has no residual value. What will be the balance in the patent account on September 30, 2019?
A) $189,900 B) $211,000 C) $200,450 D) $105,500
Which of the following bonds would be appropriate for a retired person seeking a stream of income during retirement?
A) U.S. Treasury B) Investment grade corporate bond C) Municipal bond D) All of the above are correct.
Fernando owes Lucia $8,000 . They both realize he is unlikely to be able to repay that much, so Lucia says: "Pay me $5,000 and we'll call it good." Fernando pays the $5,000 . This settlement is called:
a. preexisting duty b. liquidated debt c. unliquidated debt d. rescission e. none of the other choices