Balance Sheet
Example
For example, Apple’s balance sheet lists its assets such as cash, inventory, and intellectual property, and its liabilities like debt and accounts payable, providing a complete picture of the company’s financial standing.
Definition
A balance sheet is a financial statement that provides a snapshot of a company's financial condition at a specific point in time. It lists a company’s assets, liabilities, and shareholders’ equity, giving investors insight into the company's financial health. The balance sheet is divided into two main sections: one that shows what the company owns (assets) and one that shows what it owes (liabilities and equity). The equation that governs a balance sheet is: Assets = Liabilities + Shareholders’ Equity.
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