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Web a balance sheet provides a summary of a business at a given point in time. It’s a snapshot of a company’s financial position, as broken down into. It can also be referred to as a statement of net. Web the balance sheet displays the company’s total assets and how the assets are financed, either through either debt or equity. Web how to read a balance sheet. Web key takeaways a balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity. It allows you to see what resources it has available and how they. Web the balance sheet is a report that gives a basic snapshot of the company’s finances. A balance sheet conveys the “book value” of a company. This is an important document for potential investors and loan providers.