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What are the advantages and disadvantages of growing up bilingual? What advice would you give to parents who want to know if they should encourage their child to become proficient in two languages?
Liabilities
Financial obligations or debts of a business that arise during the course of its operations, required to be settled over time.
Owner's Equity
The residual interest in the assets of an entity after deducting liabilities, representing the capital owned by the shareholders or owner.
Cash Budget
A budget of estimated cash receipts and payments.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.
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