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Nineteenth century liberalism emerged as a result of
Total Assets
The sum of all assets, both current and noncurrent, owned by a business.
Liabilities
Financial obligations or debts owed by a business or individual to creditors, which must be settled over time through the transfer of economic benefits including money, goods, or services.
Accounting Equation
The fundamental equation of double-entry bookkeeping that states assets equal liabilities plus equity, serving as the foundation for a balance sheet.
Owner's Equity
The total value of assets owned by the proprietor of a company after all debts have been subtracted.
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