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

Problem 3MCQ

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Question

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

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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