Financial statements are the primary source of a company's accounting information. Open each financial statement for more information, and decide which statement would work best for each of the given scenarios. Types of Financial Statements Income statement Statement of stockholders' equity Balance sheet Statement of cash flows Financial Desired Action Statement 1. Compare revenues with expenses and analyze profitability. 2. Analyze how much cash was spent on investing activities. Compare stockholders' equity at the beginning of the period with stockholders' equity at the 3. end of the period. 4. See a snapshot of a company's financial position at a given point in time.