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The revenue cycle has two subsystems.What are they and what occurs within each?
Compensation
Payment or benefits that an employee receives in return for their work, which can include salary, wages, benefits, and bonuses.
Corporations
Legal entities that are separate and distinct from their owners, with the rights to own property, sue or be sued, and conduct business.
States
Defined territorial areas within a country, each with its own government and regulatory powers.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders; it has rights, privileges, and liabilities independent of those of its members.
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