Balance Sheet
A balance sheet is a financial statement that reports what a company owns (assets) and what it owes (liabilities), with the difference representing shareholders’ equity. It is prepared as of a specific date, making it a snapshot of financial position rather than a flow of earnings or cash.
Example: A company reports total assets of 2.5 billion, total liabilities of 1.6 billion, and shareholders’ equity of 0.9 billion on its balance sheet dated June 30, 2025.
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