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balance sheet

A condensed statement that shows the financial position of an entity on a specified date (usually the last day of an accounting period).

Among other items of information, a balance sheet states (1) what assets the entity owns, (2) how it paid for them, (3) what it owes (its liabilities), and (4) what is the ... more

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z