Cliches Are Especially Confusing to People Whose First Language Is

question 15

True/False

Cliches are especially confusing to people whose first language is not English.

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Definitions:

Liabilities

Financial obligations or debts owed by a business or individual to creditors, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Accounting Equation

The fundamental equation of double-entry bookkeeping that states assets equal liabilities plus equity, serving as the foundation for a balance sheet.

Owner's Equity

The total value of assets owned by the proprietor of a company after all debts have been subtracted.