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Which kind of an effect is it when we learn from the mass media?
Total Assets
The sum of all assets owned by an entity, including both current and non-current assets.
Note Payable
A financial liability representing a written promise to pay a specified sum of money to another party on a determined future date or on demand.
Accounting Equation
The foundational principle of double-entry bookkeeping, stating that Assets = Liabilities + Equity, reflecting a company's financial position.
Total Liabilities
The sum of all financial obligations or debts that a company owes to external parties.
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