Final answer:
The income statement is the financial statement that shows the results of a company's operations by detailing revenues and expenses over a specific period, unlike the balance sheet which lists assets and liabilities.
Step-by-step explanation:
The financial statement that presents the results of operations is the income statement. This is different from a balance sheet, which is an accounting tool that lists assets and liabilities. Assets represent value owned and can be used to produce something, such as cash or a home. Liabilities are debts or obligations, like a mortgage. The difference between assets and liabilities is known as net worth or in the case of a bank, bank capital.
The bank's assets may include cash in vaults, while liabilities could consist of money owed to depositors. The income statement, however, details a company's revenues and expenses over a specific period and reflects the company's financial performance, ultimately showing if the company made a profit or loss.