Weegy: A balance sheet, also known as a "statement of financial position", reveals a company's assets, liabilities and owners' equity (net worth). [ [ The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any company's financial statements. If you are a shareholder of a company, it is important that you understand how the balance sheet is structured, how to analyze it and how to read it. ] ] User: so the balance sheet to pay the sales tax. (More)