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Describe the Atkinson-Shiffrin model of memory.
Revenues
The total income generated by a business from its normal business operations, including sales of goods and services, before any expenses are deducted.
Expenses
Outflows or using up of assets as a part of operations of a business to generate revenue.
Equity
The ownership interest held by shareholders in a corporation, represented by the residual assets minus liabilities.
Liabilities
Financial obligations or debts owed by a company to outside individuals or entities.
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