Question by mary ann: What information about the business is presented by the balance sheet?
Best answer:
Answer by ADAMSMITH
A financial statement that summarizes a company’s assets, liabilities and shareholders’ equity at a specific point in time. These three balance sheet segments give investors an idea as to what the company owns and owes, as well as the amount invested by the shareholders.
he balance sheet is one of the most important pieces of financial information issued by a company. It is a snapshot of what a company owns and owes at that point in time. The income statement, on the other hand, shows how much revenue and profit a company has generated over a certain period. The cash flow statement describes the inflow and outflow of cash throughout the period. The financial statements are built to be used together to present a complete picture of a company’s finances.
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