C14 Key Kevin Developed a Novel Type of Bottle Opener Which Incorporated

question 3

True/False

c14 Key
Kevin developed a novel type of bottle opener which incorporated a new and different method of removing a bottle cap.He applied for a patent on his invention,then began manufacture of the product.He stamped each unit with the words "patent pending." Another manufacturer copied his design,and began marketing the same type of opener.
-Kevin may ask the Patent Office to speed up the issue of his patent,because the other manufacturer is copying his product,and he cannot take steps to stop the infringement until the patent is issued.

---

Definitions:

Modified Accrual

An accounting method that records revenues when they are earned and measurable and expenses when they are incurred, regardless of when cash transactions occur.

Program Revenues

Income directly generated by specific programs or services, typically reported by governmental entities to reflect how resources are tied to particular activities.

Fiscally Independent

Having the authority to raise revenue through taxation and make spending decisions independently, typically referring to governmental units.

CAFR

The Comprehensive Annual Financial Report, a set of U.S. government financial statements that provides a detailed presentation of a state, municipality, or other governmental entity's financial condition.