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Balance Sheet

Definition: Itemized statement that reports the assets, liabilities, and equities of a company at a point in time. A balance sheet is prepared to determine the equity position of a company or can present the netDefinition: worth of an individual owner. This financial report focuses the lender's attention on a company's financial strength and condition, especially during periods of economic downturn. Definition: [crh] Also called the statement of financial condition, it is a summary of a company's assets, liabilities, and oDefinition: wners' equity.

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