Answer:
Watermark
Explanation:
This is actually called a Watermark. It is usually used as a way of showing the name or logo of the author who owns the content that is underneath the watermark. This is done so that individuals cannot steal the owner's work and use it as their own. Usually, the owner has the original version of the content without any watermark, as well as individuals that have purchased the content or a licence to use the content for personal or commercial usage.
Memorex should: iv. record a refund liability in the year of the sale.
<h3>What is a right-of-return privilege?</h3>
A right-of-return privilege can be defined as a special right, advantage or entitlement that is accorded to a customer, which avails them an opportunity to return a product they have purchased.
Since Memorex Disks offers its customers right-of-return privileges, it is expected that it should record a refund liability in the year of the sale i.e recording an allowance for sales returns in the year the sale was made.
Read more on right-of-return privilege here: brainly.com/question/17165436
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