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Username: Peter

Rating:
Guru Stars

Asked to: Anton Luyten

Date Created: 12 Jun 2018
Category 28
Tag Financial
Question What is a 'Balance Sheet'?
Advice from Guru
Hi Peter,

A balance sheet reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.

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