On Wed, 3 Jul 2019, benny.webs...@gmail.com wrote:

The balance sheet is a snapshot in time. It reflects the asset, liability
and equity account balances as of the date you choose. Compare two or more
balance sheets to see how those balances change over time (eg. month-end
to month-end or year-end to year-end). Income and cash flow statements
cover a period of time and should reflect the changes in the balance sheet
accounts.

Benny,

That makes sense. Since I'm not an accountant I did not recognize that it's
a snapshot and thought it represented an unspecified time range up to the
current (or otherwise selected) date.

Thanks for clarifying,

Rich
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