Question: In 2 0 2 4 , Pronghorn Company performs work for a customer and bills the customer $ 1 3 4 0 0 ; it

In 2024, Pronghorn Company performs work for a customer and bills the customer $13400; it also pays expenses of $3800. The
customer pays Pronghorn in 2025. If Pronghorn uses the accrual-basis of accounting, then Pronghorn will report
expenses of $3800 in 2025.
net income of $9600 in 2025.
revenue of $13400 in 2025.
revenue of $13400 in 2024.
 In 2024, Pronghorn Company performs work for a customer and bills

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