Final answer:
The balance sheet is the only financial statement that is not for a period of time.
Step-by-step explanation:
The correct answer is c) Balance sheet. All of the financial statements mentioned in the question are important tools used for financial analysis and reporting in a business.
The income statement shows a company's revenues, expenses, and net income or loss over a specific period of time, such as a month, quarter, or year.
The owner's equity statement, also known as the statement of changes in equity, summarizes any changes in the owner's investment and withdrawals, as well as the company's profits or losses.
The balance sheet is a snapshot of a company's financial position at a specific point in time, usually the end of a reporting period. It shows the company's assets, liabilities, and owner's equity.
The statement of cash flows provides information about a company's cash inflows and outflows during a specific period of time, categorized into operating, investing, and financing activities.
Therefore, the only financial statement among the given options that is not for a period of time is the balance sheet.