Customer relationship management software would be most likely to affect which income statement account? Multiple Choice Cost of Goods Sold Revenues Selling, General, and Administrative Expenses (SG&A) Interest Expense
Customer relationship management software would be most likely to affect which income statement account? Multiple Choice Cost of Goods Sold Revenues Selling, General, and Administrative Expenses (SG&A) Interest Expense
Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter10: The Rea Approach To Database Modeling
Section: Chapter Questions
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![Customer relationship management software would be most likely to affect which income statement account?
Multiple Choice
Cost of Goods Sold
Revenues
Selling, General, and Administrative Expenses (SG&A)
Interest Expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9737efd-391f-457a-98f6-aa044a0527f1%2Fd6e2cf6d-7935-4d93-8e02-3905b8ec2004%2F3uk9aaf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Customer relationship management software would be most likely to affect which income statement account?
Multiple Choice
Cost of Goods Sold
Revenues
Selling, General, and Administrative Expenses (SG&A)
Interest Expense
Expert Solution
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Step 1
The income statement is prepared at the end of the accounting period to show the result of operations like profit or loss. The income statement reports the profit or loss made. When the revenue is more than expenses it results in profit.
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