Business / Taxes / Balance Sheet: A balance sheet is a statement of a company’s financial position at a particular moment in time. This financial report shows the two sides of a company’s financial situation — what it owns and what it owes. What the company owns, called its assets, is always equal to the combined value of what the company owes, called its liabilities, and the value of its shareholders’ equity. Expressed as an equation, a company’s balance sheets shows assets = liabilities + shareholder value. If the company were to dissolve, then its debts would be paid, and any assets that remained would be distributed to the shareholders as their equity. Bankruptcy occurs in situations where there is nothing left to distribute to the shareholders, and the company balance sheet is in fact unbalanced because the company owes more than it owns.
Balance Noun Synonyms: scale(s), steelyard
Balance Verb Synonyms: weigh, estimate, ponder, consider, deliberate, assess, compare, evaluate
Sheet Noun Synonyms: area, expanse, stretch, layer, film, coat, coating, covering, blanket, cover, surface, skin, veneer
Sheet Adjective Synonyms: bed-sheet, crib-sheet, fitted sheet, flat sheet, contour sheet
Business / Finance / Off-Balance-Sheet Financing: Financing that is not shown as a liability on a company's balance sheet. MORE
Business / Agriculture / Farm Income And Balance Sheet: The income statement measures the profitability of a farm business for a particular period of time, usually one year. The balance sheet measures the wealth or financial position of the business at a p MORE