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At what age do most infants begin to fear strangers?
Stockholders' Equity
The owners' claim after subtracting total liabilities from total assets, representing the net value of a company to its shareholders.
Net Income
The residual financial gain of a company after deducting every cost, tax, and expense from the total earnings.
Note Payable
A written agreement where one party promises to pay another party a certain amount of money at a future date or on demand.
Accounting Equation
The foundational principle of accounting that maintains that assets equal the sum of liabilities and owner's equity.
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