The financial statement detailing a firm's assets, liabilities, and owners' equity is the

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The balance sheet is the financial statement that outlines a company's assets, liabilities, and owners' equity. The income statement reports a company's revenues and expenses, the statement of cash flows reports cash inflows and outflows, the manufacturing statement summarizes a company's production costs, and the statement of retained earnings reports changes in retained earnings over a period.

The Financial Statement Detailing a Firm's Assets, Liabilities, and Owners