Which financial statement shows whether the business earned a profit or loss,and also lists the types and amounts of the revenues and expenses?

Question

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The income statement shows whether the business earned a profit or loss, and also lists the types and amounts of the revenues and expenses. The balance sheet shows the assets, liabilities, and equity of the business at a specific point in time. The statement of changes in equity shows how the equity of the business changed during a specific period of time. The statement of cash flows shows the inflows and outflows of cash during a specific period of time. The statement of financial position is another name for the balance sheet.

Which Financial Statement Shows Whether the Business Earned a Profit