What is the statement of the assets, liabilities, and net worth of a firm or individual at some given time called?.

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asked Dec 13, 2023 110k views

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Baard · Answer 1 · 2023-12-18T08:17:15+0000

Answer: The Balance Sheet

Explanation: The Balance Sheet lists the assets, liabilities, and equity of a firm at a given point in time. It follows the structure of the accounting equation: Assets = Liabilities + Equity.

What is the statement of the assets, liabilities, and net worth of a firm or individual at some given time called?.

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