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As Adolescents Develop the Ability to Think Hypothetically, They Can

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As adolescents develop the ability to think hypothetically, they can


Definitions:

Partnership

An authorized business structure where two or more partners manage and share in the profits.

Amount Owed

The total money that is due to be paid to a lender or creditor by the borrower.

Accounting Equation

The fundamental principle of accounting that states assets are equal to the sum of liabilities and owner's equity.

Creditor

An individual or institution to whom money is owed by the debtor or the borrower.

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