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The financial statement that provides a snapshot view of the financial condition of a business at a point in time is the:
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The financial statement that provides a snapshot view of the financial condition of a business at a point in time is the:

User Ian S Williams
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1 Answer

15 votes
15 votes

Answer:

balance sheet

Step-by-step explanation:

Balance sheet can be regarded as financial statement which gives reports of the liabilities, equity of shareholders as well as assets of the company at a specific point in time, It provides a basis that can be used in computing rates of return as well as evaluating its capital structure.

It should be noted that balance sheet is

financial statement that provides a snapshot view of the financial condition of a business at a point in time

User George Walters II
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