Which financial statement provides a snapshot of a company's financial position at a given moment?

The Balance Sheet is the financial statement that provides a snapshot of a company's financial position at a specific moment in time. It presents a company's assets, liabilities, and equity, allowing stakeholders to assess what the company owns and owes at that particular date. This information is critical for evaluating the company's liquidity, solvency, and overall financial health.

In contrast, the Income Statement reflects a company's performance over a period, showing revenues and expenses to determine net income or loss. The Statement of Cash Flows focuses on the cash inflows and outflows over a period, highlighting how cash is generated and used in operating, investing, and financing activities. The Statement of Changes in Equity outlines the changes in the owner's equity throughout a period, detailing items such as profits, losses, and dividends. Each of these financial statements serves a specific purpose but does not capture a company's financial position at a moment in time like the Balance Sheet does.