The balance sheet reports on the operations of the company for a given period of time.

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The balance sheet is a financial statement that reports on the company's financial position at a specific point in time (usually at the end of a specific period, such as a quarter or year). It does not report on the company's operations during that period. The income statement or statement of comprehensive income is the financial statement that reports on the company's operations for a given period of time.

The Balance Sheet Reports on the Operations of the Company