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How Balance Sheet Structure & Content Reveal Financial Position
The balance sheet (B/S, or statement of financial position) is one of the four primary financial reports (financial accounting statements) that publicly held companies must file every quarter and year. For a specific point in time, the B/S reports: (1) What an entity owns outright (equities), (2) What the entity owes (liabilities), and (3) The resources the entity has to work with (assets).