Respuesta :
The income statement account most likely affected by Selling, General and Administrative Expenses. An income statement is a financial statement that shows the company's income and expenses. The income statement, along with the balance sheet and cash flow statement, helps you understand your company's financial health.
The income statement's objective is to show the reader how much profit or loss an organization produced within a reporting period. An income statement is one of the most significant financial statements for a corporation. Business owners, accountants, current and prospective investors can all benefit from a company's income statement, often known as the profit and loss statement.
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