$588000 will Flintstone Enterprises report for cash on the June balance sheet
<h3>What is
balance sheet?</h3>
A balance sheet is a summary of an individual's or organization's financial balances, whether it is a sole proprietorship, a business partnership, a corporation, a private limited company, or another organization such as a government or not-for-profit entity.
A balance sheet provides a snapshot of your company's financial position at any given time. A balance sheet, along with an income statement and a cash flow statement, can assist business owners in evaluating their company's financial standing.
The balance sheet's basic equation is Assets = Liabilities + Equity. Analysts should be aware that various assets and liabilities may be measured differently. Some items, for example, are measured at historical cost or a variation thereof, while others are measured at fair value.
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