The financial document that has been likened to a snapshot of how the company's finances are doing at that moment is called an income statement.

Name: The financial document that has been likened to a snapshot of how the company's finances are doing at that moment is called an income statement.
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The financial document that is likened to a snapshot of a company's finances at a specific moment is the balance sheet, not the income statement. The income statement shows performance over a period of time.

The Financial Document That Has Been Likened to a Snapshot