A financial statement that sums up a firm's financial position on a particular day is

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A balance sheet is a financial statement that shows a company's assets, liabilities, and equity on a particular date. It provides a snapshot of a firm's financial position at a specific point in time, and is an important tool for investors, analysts, and stakeholders to evaluate a company's financial health. The other options, such as income statement and statement of cash flows, provide information on a company's financial performance over a period of time rather than a snapshot of its financial position on a particular day. An equity report, while similar in some ways to a balance sheet, is not a commonly used financial statement.

A Financial Statement That Sums Up a Firm's Financial Position