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- A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity12. Here are some key points about balance sheets:
- It provides a snapshot of a company's finances as of a specific date.
- The left side records a firm's itemized assets (long-term vs. short-term).
- The right side contains a firm's liabilities and shareholders' equity (also separated as long-term vs. short-term).
Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Key Takeaways
- A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity.
www.investopedia.com/terms/b/balancesheet.aspKey Takeaways
- The balance sheet is a key financial statement that provides a snapshot of a company's finances.
- The balance sheet is split into two columns, with each column balancing out the other to net to zero.
www.investopedia.com/articles/04/031004.asp - People also ask
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