The correct statement is: The atomic number tells us how many protons and electrons are in a neutral atom or element.
In a neutral atom, the number of protons (which is the atomic number) is equal to the number of electrons. The atomic number does not indicate the number of neutrons directly; however, the number of neutrons can be determined by subtracting the atomic number from the atomic mass (given in atomic mass units, or amu) for a specific isotope. Additionally, the atomic number does not represent the mass of the atom; that is determined by the combined number of protons and neutrons (nucleons) in the nucleus.