The Audio Home Recording Act of 1992

question 21

Multiple Choice

The Audio Home Recording Act of 1992

• A) protects the right of consumers to make backup copies of CDs.
• B) requires manufacturers of digital audio records to incorporate the Serial Copyright Management System.
• C) requires manufacturers of digital audio recording devices and blank digital media to pay a royalty to songwriters and music publishers.
• D) All of the above
• E) None of the above

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Definitions:

Account Numbers

A unique identifier assigned to each account in a company's chart of accounts, facilitating organization and tracking of financial transactions.

Normal Debit Balance

The expected positive balance in certain accounts of the accounting ledger, such as assets, expenses, and losses.

Sales Tax Payable

A liability account recorded on the balance sheet that represents the amount of sales tax collected from customers and owed to the government.

Estimated Returns Inventory

The provision of goods that are expected to be returned by customers, considered in inventory and financial accounting.