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Unusual and infrequent non-recurring items are found on the income statement:
Intangible Assets
Assets that are not physical in nature, such as copyrights, patents, and trademarks, which have value for a business.
Patent
An exclusive right granted for an invention, which allows the patent holder to exclude others from making, using, or selling the invention for a certain period of time.
Intangible Assets
Assets that lack physical substance but are still valuable due to the rights or information they provide, such as patents, copyrights, and trademarks.
Trademark
A symbol, word, or phrase legally registered or established by use as representing a company or product.
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