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Gain on Sale of a Patent by an Inventor Generally

question 115

True/False

Gain on sale of a patent by an inventor generally is ordinary income.


Definitions:

Aldosterone

Adrenal hormone that encourages sodium reabsorption by the kidney; concentrates the urine.

Bowman's Capsule

A part of the nephron in the kidney that encloses the glomerulus and where filtration of blood plasma begins in the process of urine formation.

Glomerulus

Cluster of leaky capillaries enclosed by a Bowman’s capsule.

Distal Tubule

Region of a kidney tubule that connects to a collecting tubule.

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