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Explain some of the unique experiences and characteristics of the Baby Boomer generation and Generation X.
Liabilities
Financial obligations or debts that a company or individual owes, which are recorded on the balance sheet and must be settled over time.
Assets
Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.
Subsidiary Corporation
A corporation wholly owned by another corporation (the parent corporation).
Shares
Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.
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