A balance sheet is a financial statement that reports a company’s assets, liabilities, and shareholders’ equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure. It offers a snapshot of a company’s financial condition at one point in time and helps both internal and external stakeholders make decisions about investing in the company.
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About the author
Jenna Lofton, MBA is a stock trading and investment expert with over a decade of experience in the financial industry. She began her career as a financial advisor on Wall Street and now helps everyday investors make smarter financial decisions through StockHitter.com.
Her insights simplify complex financial topics into actionable strategies for beginners and seasoned traders alike.