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A financial statement that summarizes a company's assets, liabilities, and shareholder's equity at an exact issue in time. A semi-itemized records of all assets and liabilities of an individual or a business in alignment to reach at a snare worth, which is the distinction between the assets and the liabilities. Most lenders need a balance sheet as part of the lend submission process. Short-term liability, which will be paid off in one year or less, is treated by lenders in a distinct kind than long-run liability when assessing their diverse ratios to work out lend eligibility. As ...
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