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A client is concerned about the age-related changes of the client's mother, who is 80 years old. Which statements made by the client likely represent a normal change of aging? Select all that apply.
Creditors
Individuals or institutions that lend money or extend credit to others.
Liabilities
Liabilities are financial obligations or debts that a company owes to external parties, which must be settled over time through the transfer of economic benefits including money, goods, or services.
External Transaction
A financial event involving an exchange between the business and another entity outside of the company.
Accounting Equation
The foundation of double-entry bookkeeping, represented as Assets = Liabilities + Equity.
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