Which statement reports operating results for a given time period, including revenues and expenses?

The income statement is a crucial financial report that summarizes a company's operating performance over a specific period, detailing revenues earned and expenses incurred. It provides key insights into how much profit or loss the business generated within that time frame, making it essential for assessing operational efficiency.

By focusing on revenues, which reflect the income from sales or services, and expenses, which outline the costs associated with generating those revenues, the income statement allows stakeholders to evaluate the company's profitability. This information is foundational for financial analysis, investment decisions, and managerial performance assessments.

In contrast, the other financial statements serve different purposes: the statement of cash flows tracks cash inflows and outflows, the balance sheet provides a snapshot of assets, liabilities, and equity at a specific point in time, and the statement of owners equity details changes in equity accounts. Each of these has its distinct role in financial reporting, but none encapsulates the operational results of revenues and expenses over a period quite like the income statement does.