Which financial statement includes information about a company's revenues and expenses?

The income statement is the financial statement that provides detailed information about a company's revenues and expenses over a specific period. It highlights how much money the company earned (revenue) and what it spent (expenses), ultimately resulting in net income or loss. This statement helps stakeholders assess the company’s financial performance, indicating whether it is profitable and how effectively it is managing its resources.

In contrast, the balance sheet presents a snapshot of the company's financial position at a single point in time, detailing assets, liabilities, and equity but not revenues or expenses. The cash flow statement tracks the cash generated and used during a specific period, focusing on cash inflows and outflows from operating, investing, and financing activities. The statement of changes in equity outlines the changes in equity resulting from transactions with the owners and does not provide insights into operational performance like revenues and expenses. Thus, the income statement is essential for evaluating a company's profitability and operational efficiency.