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Which of the following does not fully mature until adolescence, which may be the reason that children have such short attention spans?
Interest Charged
The cost incurred for borrowing money or the amount earned on deposited funds, usually expressed as a percentage of the principal.
Contingent Liability
A potential financial obligation that may arise depending on the outcome of a future event.
Contingent Liabilities
Liabilities that may arise from past transactions if certain events occur in the future.
Interest Expense
The cost incurred by an entity for borrowed funds; interest expense is a non-operating expense shown on the income statement.
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