Balance Sheet Definition: A financial statement that lists the assets, liabilities and equity of a company at a specific point in time and is used to calculate the net worth of a business.

Paid non-client promotion: Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However ...

A written report of the financial condition of a firm. Financial statements include the balance sheet, income statement, statement of changes in net worth and statement of cash flow. The first ...

Net worth is what you own minus what you owe. We walk you through the steps to determine your net worth. Many, or all, of the products featured on this page are from our advertising partners who ...

Lucy Lazarony is an experienced personal finance journalist and writer who got her start in 1998 writing about financial topics. She writes accessible and easy-to-understand articles about credit ...

Read about how much the richest celebrities get paid for blockbuster movies, album sales, investments, and endorsements. Stay up-to-date on breakout stars as they build their fortunes. And then ...