At the Global Level, a Nongovernmental Body Has Been Established

question 44

Multiple Choice

At the global level, a nongovernmental body has been established to resolve domain disputes.The name of this body is:

• A)Internet Corporation for Domain Names (ICDN).
• B)Internet Corporation for Assigned Names (ICAN).
• C)Internet Corporation for Assigned Names and Numbers (ICANN).
• D)Internet Corporation for Networks (ICN).
• E)Internet Corporation for Domain Disputes (ICDD).

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Definitions:

Commercial Substance

An occurrence in a transaction that causes a significant change in cash flow, indicating that the transaction has economic consequences.

Net Income

The company's earnings post all deductions, including expenses and taxes, from its overall revenues.

Deferred Tax Liability

This is a tax obligation that a company owes but can pay at a future date due to timing differences between its financial accounting and tax filing.

Deferred Tax Asset

An accounting asset representing the amount of taxes payable in future periods due to deductible temporary differences and carryforwards.