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In the article, "A Feckless Quest for the Basketball Gene," Jonathan Marks argues that:
Intangible
Assets that lack physical substance but hold value for a firm, such as patents, trademarks, and goodwill.
Commercial Substance
An aspect of transactions indicating that it will result in a significant change in the economic circumstances of the participating entities.
Realized Gain
The profit earned from the sale of an asset, calculated as the difference between the asset's sale price and its original purchase price.
Income Statement
A report detailing a corporation's income, costs, and earnings within a given timeframe.
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