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According to proponents of the "social-experimental" viewpoint, interactions among peers are likely to promote interpersonal understanding by
Liabilities
Financial obligations of a business that represent debts or amounts owed to others, due to past transactions or events.
Assets
Economic resources owned by a business that are expected to benefit future operations.
Owner's Equity
The residual interest in the assets of a business after deducting liabilities; represents the owner's claim on the business assets.
Liabilities
Financial obligations a company owes to outside parties.
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