Exchanging Pirated,copyrighted Works with Oth?ers Is Not a Crime Unless

question 11

True/False

Exchanging pirated,copyrighted works with oth?ers is not a crime unless money is involved.

---

Definitions:

Average cost method

An inventory costing method where all costs of inventory are averaged out to determine the cost of goods sold and the ending inventory value.

Cost of merchandise sold

The entire expense directly tied to the production and sale of products in inventory that were sold during a specific period.

Year amount

An expression referring to the total amount or figures calculated over a year's period.

Average cost method

An inventory costing method where the cost of goods sold and ending inventory is calculated based on the average cost of all units available for sale during the period.