Question: In 2 0 2 4 , Bridgeport Company performs work for a customer and bills the customer $ 1 0 7 0 0 ; it

In 2024, Bridgeport Company performs work for a customer and bills the customer $10700; it also pays expenses of $3400. The
customer pays Bridgeport in 2025. If Bridgeport uses the accrual-basis of accounting, then Bridgeport will report
revenue of $10700 in 2024.
revenue of $10700 in 2025.
net income of'$ $7300 in 2025.
expenses of $3400 in 2025.
 In 2024, Bridgeport Company performs work for a customer and bills

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