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Balance Sheet

Balance Sheet
DEFINITION
A Balance Sheet is a financial report showing a companies assets, liabilities and owners or shareholders equity which is also a liability.  A Balance Sheet can be created for any given time at any given time.  This is a financial statement that gives a look at what the company owes and owns.  Assets = Liabilities.  

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* This information should not be interpreted as legal advice. However, due to jurisdictional variances and evolving public records statute, we can accept no liability in terms of the accuracy of the information contained herein