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Ms. Johnson's sixth graders complained about diagramming sentences, and they were able convince her to show a movie first. Ms. Johnson made the common error of
Economic Entities
Organizations or individuals engaged in economic activities, recognized as separate units for accounting and financial reporting.
Revenues
Revenues are the total amount of money generated by the sale of goods or services related to a company's primary operations.
Expenses
The costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.
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