The Basic Accounting Equation States That Assets = Liabilities

question 152

True/False

The basic accounting equation states that Assets = Liabilities.

---

Definitions:

Language-Acquisition Device (LAD)

Hypothetical module of the human mind posited by Noam Chomsky to account for the innate predisposition of children to acquire language.

Neural System

The network of nerve cells and fibers that transmits nerve impulses between parts of the body, including the brain and spinal cord.

Fast Mapping

A cognitive process by which children rapidly learn the meaning of a word after just a few exposures, contributing significantly to vocabulary growth.

Overextension

A language error, common in early child language acquisition, where a child applies a word too broadly to objects or actions that don't fit the word's meaning.