How does the Digital Millennium Copyright Act (DMCA) protect copyrights? How does it protect Internet service providers from copyright-infringement claims?
What will be an ideal response?
The Digital Millennium Copyright Act (DMCA) aims to protect copyrights in the digital age. It states that the act of evading anti-piracy technologies included in software, including DVDs and CDs, is a crime. However, such activities are permitted if one is involved with and working on behalf of a nonprofit library, educational institution, archive, or other such entity. The DMCA also forbids creation or sale of a device that can crack codes to allow one to copy any kind of software.
Internet service providers were given some protection from copyright-infringement claims, because these providers simply transmit information and do not produce or intentionally distribute it. Colleges and universities are also protected if they act as service providers. However, service providers are required to take down or cease transmission of information if the information is reported to be an infringement of a copyright. Also, any website continually casting music over the Internet must have licensing agreements with the record companies or other copyright holder.
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Prepare the necessary general journal entry for July 28
__________________________________________ __________ __________ __________________________________________ __________ __________ __________________________________________ __________ __________ What will be an ideal response?
An advantage of a fair value hedge is that: a. gains or losses on the derivative hedging instrument and the offsetting gains or losses on the hedged items are both recognized currently in earnings. b. gains or losses on hedges of firm commitments are reported in other comprehensive income because the anticipated cash flows have not been recognized in earnings. c. documentation is not
necessary for fair value hedges. d. a bank may use a fair value hedge to hedge the risk that a customer's loan will be prepaid.