Naturally Occurring Substances Cannot Be Patented

question 12

True/False

Naturally occurring substances cannot be patented.

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Definitions:

Merchandise Inventory

The total cost of all the goods held by a company for resale purposes, including goods in transit, on order, and in stock.

Net Income

Net income is the total earnings or profit a company makes after deducting all its expenses, including taxes, interests, and depreciation.