The financial statement that summarizes the financial position of a company is the

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The balance sheet is the financial statement that summarizes the financial position of a company by showing its assets, liabilities, and shareholders' equity at a specific point in time. The income statement summarizes a company's revenues and expenses over a period of time, the operating statement is not a commonly used financial statement, and the retained earnings statement shows changes in retained earnings over a period of time.

The Financial Statement That Summarizes the Financial Position of a Company