A snapshot of the financial condition of a business at a specific point in time is known as a(n):

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A balance sheet is a statement that shows the financial position of a business at a specific point in time, representing its assets, liabilities, and equity. The income statement shows the business's revenue and expenses over a period, while the cash flow statement shows the inflows and outflows of cash during a period. A SWOT analysis is a strategic planning tool that assesses an organization's strengths, weaknesses, opportunities, and threats. Therefore, the best choice for the snapshot of a business's financial condition at a specific point in time is a balance sheet.

A Snapshot of the Financial Condition of a Business at a Specific