What is a(n) _____ is a summary of what a company has earned and spent over a given period.?

income statement

An income statement, also known as a profit and loss statement, is a financial report that summarizes a company's revenues, expenses, and profits or losses over a specified period of time, typically a quarter or a year. It provides a detailed overview of a company's financial performance, showing how much money the company has earned (revenue) and how much it has spent (expenses) to generate that revenue. The bottom line of the income statement shows the company's net income or net loss for the period, indicating whether the company has made a profit or incurred a loss. The income statement is an essential tool for investors, creditors, and other stakeholders to assess a company's profitability and financial health.