How can a business own a building, owe money to a bank, and still belong to its shareholders — all at the same time? This chapter will walk you through the Statement of Financial Position, often called the balance sheet, which is a snapshot that captures exactly that mix of what a company has, what it owes, and what is left for the owners. By the end, you’ll understand its structure and how to read it for clues about a company’s strength and survival.