Discover the Ultimate Guide to Financial Reporting Essentials

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Financial Term	Definition
Balance Sheet	A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
Income Statement	A financial statement that shows a company's revenues, expenses, and profits over a specific period of time.
Cash Flow Statement	A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

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Source: Data compiled from various financial reporting resources.