Username: Peter Rating: Asked to: Anton Luyten Date Created: 12 Jun 2018 |
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Category | 28 |
Tag | Financial |
Question | What is a 'Balance Sheet'? |
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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