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The Binet-Simon test was the first to assess cognitive skills of children. Describe the intent of this test, how it ended up being used widely in the United States, and the scoring schemes that were developed as a result of these tests to quantify intelligence.
Prepaid
Refers to expenses that have been paid in advance of their due date and are recorded as assets until they are actually incurred.
Annual Rent
The total amount paid or to be paid for the use of a property or space for one year.
Property Tax
A levy imposed by a government on a property owner, based on the value of the property.
Accrue
The process of accumulating or recognizing expenses or income over time, even before cash transactions occur.
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