The balance sheet lists all the entity's assets, liabilities, and owner's equity as of a specific date.

Name: The balance sheet lists all the entity's assets, liabilities, and owner's equity as of a specific date.
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The balance sheet is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders, at a specific point in time. It lists the entity's assets, liabilities, and owner's equity.

The Balance Sheet Lists All the Entity's Assets, Liabilities, and Owner's