What 3 types of information can be found on a balance sheet?
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Open Apr 03, 2025 - 11:53 AM
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Apr 03, 2025 - 11:53 AM
A balance sheet provides three main types of information: assets, liabilities, and equity. Assets represent what a company owns, such as cash, inventory, and property. Liabilities indicate what a company owes, including loans and accounts payable, while equity reflects the owners' residual interest in the company, comprising items like retained earnings and stock.
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