Which of the following are the components of a balance sheet?

The components of a balance sheet are indeed Assets, Liabilities, and Equity. This financial statement provides a snapshot of an entity's financial position at a given point in time, showing what the company owns, what it owes, and the residual interest of the owners.

Assets represent the resources controlled by the company, which can include cash, inventory, property, and equipment. Liabilities are the obligations the company owes to outside parties, such as loans and accounts payable. Equity reflects the owners' claims on the assets after all liabilities have been deducted; it includes stock capital and retained earnings.

Understanding this structure is essential for evaluating a company’s financial health, as it provides insight into how well the company is managing its resources and obligations. Each component interacts to give a comprehensive overview of the company's financial situation, allowing stakeholders to make informed decisions based on the information presented.