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

A) Balance sheet.
B) Statement of stockholders' equity.
C) Income statement.
D) Statement of cash flows.

Income Statement

A financial statement that shows a company's revenues and expenses, and ultimately its profit or loss, over a specific period of time.

Earnings Performance

An evaluation of a company's profitability over a specific period, often analyzed through metrics like EPS (earnings per share).

Accounting Period

A specific period of time used for accounting purposes, during which financial statements are prepared.