The financial document that shows the company's finances at a particular point in time is called a(n) ____________________________________.

Question

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A balance sheet is a financial document that provides a snapshot of a company's financial position at a particular point in time. It includes information on the company's assets, liabilities, and equity. The other options listed are also important financial documents, but do not specifically show the financial position at a particular point in time. The income statement shows the company's financial performance over a period of time, the annual report provides a summary of the company's operations and financial performance over the course of a year, and the statement of cash flow shows the inflows and outflows of cash over a period of time.

The Financial Document That Shows the Company's Finances at a Particular