Which of the following does a balance sheet disclose?

A balance sheet provides a comprehensive snapshot of an organization's financial position at a specific point in time. Specifically, it discloses the claims on resources, which include both liabilities and equity. Liabilities represent what the organization owes to outside parties, while equity reflects the owners' claims on the assets after all liabilities are settled. This dual representation gives stakeholders insight into the financial structure and stability of the organization, helping them assess its liquidity, solvency, and overall financial health.

The other options do not fully capture the breadth of information presented in a balance sheet. Total liabilities alone do not provide a complete picture, as they exclude equity, which is critical for understanding ownership and net worth. Similarly, net income is a measure of profitability reported on the income statement, not a component of the balance sheet. Future profit forecasts pertain to a projection of future financial performance and are not reflected in the historical snapshot that a balance sheet represents.