Greenlight Recording Sdn. Bhd. (the company) is a recording company that owns numerous musical compilations from various Malaysian artists. Their songs are played by radio stations in Malaysia as well as foreign radio stations via licensing agreements. It has come to the knowledge of the company that about 50% of their songs have been uploaded and downloaded on the internet onto a site hosted in Johor, by a group of Malaysian students who identify themselves as “Music for the future”. Hana is a part time photographer who was recently engaged by the company to take the photographs of Malaysian artists whose songs have been uploaded and downloaded by “Music for the future”. After the photoshoot session has been completed, Hana asserts that she has the ownership of the copyright over the photographs. Advise the company regarding these situations.

When competing for the business of copyright holders, music publishers commonly offer...Group of answer choicesaccess to a larger pools of songs from which to exploit copyrightsexclusive access to recording facilitiesa recoupable advancea repayable advance

Identify an accurate statement about the impact of technology in the music business.Multiple choice question.Revenues received from digitalizing music always compensate for the declining sales of CDs.Musicians only have to share their album earnings with their record label due to technological advancements.Independent musicians are prevented from marketing their music through Internet blogs, general music websites, and Facebook pages.Wide access to the Internet has provided unprecedented opportunities to hear music produced by independent labels.

Using music and images on the internet and in digital media requires copyright permission.

Green Product sells health products in Malaysia and its trial balance as at 31 December 2021 were as follow. Debit (RM) Credit (RM) Cash in hand 34,420 Cash at bank 42,000 Inventory at 1 January 2021 38,000 Trade receivables 59,000 Insurance expense 18,480 Freehold land 120,000 Buildings 90,000 Accumulated depreciation – buildings 4,000 Equipment 110,000 Accumulated depreciation – equipment 26,200 Trade payables 24,600 Carriage inwards 2,600 Carriage outwards 3,400 Rental income 12,000 10 years loan due in 2030 50,000 Capital 352,420 Discount allowed/received 1,155 1,035 Drawings 15,500 Sales 294,600 Purchases 103,000 Salary expenses 64,000 Repair expenses 15,500 Advertising expenses 10,400 Utility expenses 15,900 Property tax 10,000 Interest expense 5,500 Return inwards/outwards 12,500 6,500 771,355 771,355 Additional information is available at the year-end: 1.On 28 December 2021, RM350 of bad debts needs to be written off. 2.Depreciation for the year are as follows: Buildings – 2% on cost Equipment – 10% at reducing balance method 23.2% of the allowance for bad debts need to be provided on the outstanding trade receivables. 4.The insurance expense is the premium for a year and it cover 12 months’ period starting from 1 April 2021. 5.The owner withdrew goods worth RM150 for private use which has not been recorded in the accounts 6.Accrued property tax is RM2,700. 7.Closing inventory as at 31 December 2021 is RM39,700. 8.The loan bears interest of 12% p.a. and the interest for the month of December not been accounted for in the accounts. Required: (a) Record the transactions, as given in the additional information No. 1 until No. 6, in a journal (Note: Only journal entries required and narrative note/explanation is not required). (b) Prepare the Statement of Profit or Loss for the year ended 31 December 2021. (c) Prepare the Statement of Financial Position as at 31 December 202

Analyse one way in which the internet has changed the marketing of recorded music