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New technology used to study infant's brain function and developing language ability suggests that
Liability
The financial liabilities or obligations a company is legally bound to settle, which emerge in the process of conducting its business activities.
Owner's Equity
The amount of ownership an individual or entity has in a company, represented by the assets minus liabilities and often seen as the owner's claim against the company's assets.
Total Liabilities
The combined amount of debts and obligations that a company owes to outside parties at any given time.
Total Assets
The sum of all assets owned by a business, including both current and long-term assets, which represents the total resources available to the company.
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