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| Definitions by InvestorWords.com |
| What is...? |
| balance sheet A quantitative summary of a company's financial condition at a specific point in time, including assets, liabilities and net worth. also called statement of condition. see also accounting equation, accounts receivable, book value, annual report, asset, current assets, current liabilities, financial statement, financial structure, goodwill, long-term assets, pro forma |
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