Which financial statement represents what the company owns and owes as of a specific date?

Question

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The balance sheet represents a company's assets, liabilities, and equity as of a specific date, showing what the company owns and owes. The income statement shows a company's revenue and expenses over a period of time, while the cash flow statement shows a company's cash inflows and outflows during a period of time. A trial balance is a list of all the accounts in a company's general ledger with their ending balances to ensure that all debits and credits balance.

Which Financial Statement Represents What the Company Owns and Owes