The term balance sheet refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time. Balance sheets provide th… See more

The balance sheet provides an overviewof the state of a company's finances at a moment in time. It cannot give a sense of the trends playing out over a longer period on its own. … See more

As noted above, you can find information about assets, liabilities, and shareholder equity on a company's balance sheet. The assets should always equal the liabilities and shareh… See more