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Quail Corporation is a C corporation that generates net income of $125,000 during the current year. If Quail paid dividends of $25,000 to its shareholders, the corporation must pay tax on $100,000 of net income. Shareholders must report the $25,000 of dividends as income.
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The area of law that deals with the protection of inventions, granting inventors exclusive rights to use, make, and sell their inventions for a certain period.
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A branch of intellectual property law that protects confidential business information from being disclosed or used without permission.
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