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Components of a Financial Balance Sheet

Best for: Financial Analyst, Auditor, Accountant, Controller, Banker.

A balance sheet is a financial statement that provides a snapshot of a company's financial health at a specific point in time. It's one of the three core financial statements, along with the income statement and statement of cash flows. The balance sheet shows the company's assets, liabilities, and equity. Assets are what the company owns, liabilities are what the company owes, and equity is the difference between assets and liabilities.

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