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dmalex13 dmalex13
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Which of the following is used to analyze a firm's financial strengths in terms of its overall assets and liabilities, on a particular date?

▸ Long-term expense report

▸ Profit and loss statement

▸ Balance sheet

▸ Cash flow statement

▸ Short-term expense report
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Business in Action

Business in Action


Edition: 9th
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rotatorrorotatorro
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Balance sheet

The balance sheet, also known as the statement of financial position, is a snapshot of a company's financial position on a particular date. It lists all assets and liabilities of a firm.
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