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According to Wollstonecraft, "But that noble simplicity of affection, which dares to appear unadorned, has few attractions for the libertine, though it be the charm, which, by cementing the matrimonial tie, secures to the pledges of a warmer passion the necessary parental attention; for children will never be properly educated till friendship subsists between parents."
Total Liabilities
The sum of all financial obligations a company has to external parties, including both short-term and long-term debts.
Accounting Equation
The fundamental formula in accounting that states assets equal liabilities plus equity (Assets = Liabilities + Equity).
Owner's Equity
The net worth of an owner in a company, calculated as the difference between the company's assets and liabilities.
Liabilities
Financial obligations or debts of a business that are due to be paid to creditors in the future.
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