Question: In 2 0 2 4 , Riverbed Company performs work for a customer and bills the customer $ 1 1 5 0 0 ; it

In 2024, Riverbed Company performs work for a customer and bills the customer $11500; it also pays expenses of $4400. The
customer pays Riverbed in 2025. If Riverbed uses the accrual-basis of accounting, then Riverbed will report
revenue of $11500 in 2025.
net income of $7100 in 2025.
revenue of $11500 in 2024.
expenses of $4400 in 2025.
In 2024, Riverbed Company performs work for a customer and bills

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