Examlex
In the US,a famous case if false memory syndrome involved a father who was convicted of murdering a child 20-years earlier on the basis that his daughter suddenly remembered him committing the act while she was undergoing therapy.His name was:
Liability
A financial obligation or debt that an entity owes to another that must be paid in the future, such as loans, accounts payable, or mortgages.
Accounting Equation
The fundamental equation that represents the relationship between assets, liabilities, and owner's equity (Assets = Liabilities + Owner's Equity).
Owner's Equity
The residual interest in the assets of a company after deducting its liabilities; also known as shareholders' equity.
Liabilities
Financial obligations owed by a business to others, such as loans, accounts payable, and mortgages.
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