The ______ ______ is a snapshot of a company's financial position, which shows its assets, liabilities, and equity at a given point in time.

Respuesta :

Answer: Balance sheet

Explanation: the balance sheet is a summary of a person's or organization's assets, liabilities and equity as of a specific date. Also known as the statement of financial position, it lists all company assets, liabilities, and stockholders' equity (including dollar amounts in the case of a corporation), usually at the close of business on the date of the balance sheet. It shows the organization's account in balance, that is, company’s assets must equal their liabilities plus shareholders’ equity.

In its basic form it shows the business' worth.

Answer:

balance sheet

Explanation:

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