Copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.
<h3>What is copyright law?</h3>
It should be noted that copyright law simply means a law that grants the holder the control over the production and distribution of a material.
In this case, copyright law contains an exception known as fair use which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.
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Answer: The statements
A. A corporation bears the burden of proving that its earnings are not being accumulated to avoid income taxes.
B. To avoid the accumulated earnings tax, a corporation needs to have a definite plan for expending the accumulated earnings.
C. In practice, the accumulated earnings tax applies only to closely held corporations.
<u>Are TRUE.</u>
Explanation: To avoid paying the tax on accumulated profits, the company has the obligation to show that it does not accumulate profits, in case of not being able to prove it, it must pay tax.
It is optimal for companies to have a defined plan to spend the accumulated profits on profitable projects and not waste the profits just to avoid paying tax.
Answer:
The cost 3 is 890000 dollars.
Explanation:
Total product costs = $2100000
Variable cost included in total product costs = $450000
Fixed cost included in total costs = $900,000
Mixed costs = $750000
cost 3 (mixed cost) = 2390000 – 600000 - 900000
cost 3 (mixed cost) = 890000 dollars.
Answer:
Predetermined manufacturing overhead rate= $7.19 per direct labor hour
Explanation:
Giving the following information:
Estimated direct labor hours= 210,000
Estimated overhead costs= $1,510,000
<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,510,000 / 210,000
Predetermined manufacturing overhead rate= $7.19 per direct labor hour
A tariff by definition is a tax to be paid on a particular class of imports or exports. so if people had to start paying extra for imported cars the demand for imported cars would be reduced and the demand for more domestic vehicles would rise.