To Prevent Illegal Copying, Some Online Music Sellers Required Buyers

question 73

Short Answer

To prevent illegal copying, some online music sellers required buyers to download and install ________ software that limited the number of copies that could be made of each audio file.

---

Definitions:

Operating Cycle

The duration between the purchase of inventory and the collection of accounts receivable generated from sales.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as an expense on the income statement, affecting net income.

Adjusting Entry

Journal entries made at the end of an accounting period to update income and expense accounts so that the income statement reflects the revenues earned and expenses incurred during the period.

Interest-Bearing Note

A debt security that pays interest to the holder at regular intervals until maturity, at which point the principal is repaid.