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How much net income would be reported in dec

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Problem 1: Nettleton Technologies has a December 31 year-end. They provided services worth $40,000 in December and were paid $10,000 in cash at that time with the rest paid in January. The employees who performed the services were paid $25,000 for their work in January. Under the matching concept how much net income would be reported in December?

Multiple Choice

Option 1: ($15,000)

Option 2: $40,000

Option 3: $15,000

Option 4: $10,000

Reference no: EM132782866

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