Which financial statement would you use to determine a company's earnings performance during an accounting period?

Question

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The income statement is the financial statement that shows a company's revenues, expenses, gains, and losses during an accounting period. It is used to determine the company's earnings performance during a specific period, such as a quarter or a year. The other financial statements (balance sheet, statement of stockholders' equity, and statement of cash flows) provide important information about a company's financial position and liquidity, but they do not show the company's earnings performance.

Which Financial Statement Would You Use to Determine a Company's