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What's a balance sheet? (6 min)

A snapshot of claims (right-hand side: liabilities + shareholders) on company assets (left-hand side: will convert to cash now or later). Three points: 1. equity is residual (equity = assets - liabilities), 2. Mixed model: historical cost is not fair value, and 3. We can use for ratio analysis (e.g., liquidity, TCE ratio)
Length: 05:54

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