A(n)________ shows a company's financial condition at a specific point in time.

Question

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A balance sheet shows a company's financial condition at a specific point in time by providing information about its assets, liabilities, and equity. An income statement shows a company's financial performance over a period, and a statement of cash flows shows the sources and uses of cash during a period. A budget is a financial plan for the future.

A(n)________ Shows a Company's Financial Condition at a Specific Point