A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing the

A) income statement
B) balance sheet
C) statement of cash flows
D) statement of stockholders' equity

The income statement provides information on the company's revenues, expenses, gains, and losses during a specific period of time, which enables the user to determine whether the company was profitable or not. The balance sheet provides information about the company's assets, liabilities, and equity at a specific point in time, while the statement of cash flows shows the cash inflows and outflows during a period, and the statement of stockholders' equity displays the changes in equity during a period.