The Digital Millennium Copyright Act of 1998 amended the Copyright Act to create limitations on the liability of online providers for copyright infringement when they are engaging in certain activities
a. True
b. False
Indicate whether the statement is true or false
True
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The Parent Company acquired 80% of the Sub Corporation's voting stock on January 1, 2018. Which of the following is not an accurate description of the consolidated balance sheet on January 1, 2018?
A. Consolidated assets do not include the Investment in Sub account. B. Consolidated assets will include goodwill if the imputed total business fair value of Sub is in excess of the fair value of Sub's identifiable assets. C. Consolidated stockholders' equity does not include the stockholders' equity of the Sub Corporation. D. The fair value of both Parent's and Sub's assets are included within the consolidated balance sheet.
The Golf Club Company makes custom golf clubs. The manufacturing supervisor interviews people who have specialized manufacturing skills, and he informs payroll when an employee is hired. The employees use a time clock to record the hours they work. The
employees are also required to keep a record of the time they spend working on each order. The supervisor approves all time cards. The accountant analyzes the job tickets and prepares a labor distribution summary. Payroll prepares the payroll register and paychecks. The supervisor distributes the paychecks to the employees. Payroll informs cash disbursement of the funds required to cover the entire payroll amount. The cash disbursements clerk ensures that there are adequate funds in the company's regular checking account to cover the payroll. Describe at least three internal control weaknesses; for each weakness suggest an improvement to internal control.
Historically, utilitarians place a very high value on individual freedom of choice, even though free individuals do not always choose what is good for them.
Answer the following statement true (T) or false (F)
Which of the following is not a condition required by the SEC for the recognition of revenue?
A) Delivery of goods or rendering of services. B) Transfer of cash from the buyer to the seller. C) Fixed or determinable price. D) Existence of an arrangement.