Question: What is the primary function of a balance sheet? a ) To show a company's revenues and expenses over a period b ) To summarize

What is the primary function of a balance sheet?
a) To show a company's revenues and expenses over a period
b) To summarize a company's financial position at a specific point in time
c) To track a company's cash flows from operating, investing, and financing activities
d) To project a company's future financial performance

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