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What is the accrual basis net - income

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Question - Primo Industries collected $105,976 from customers in 2015. Of the amount collected, $24,287 was from services performed in 2014. In addition, Primo performed services worth $40,466 in 2015, which will not be collected until 2016.

Primo Industries also paid $71,623 for expenses in 2015. Of the amount paid, $30,084 was for expenses incurred on account in 2014. In addition, Primo incurred $43,410 of expenses in 2015, which will not be paid until 2016. What is the 2015 accrual basis net - income?

Reference no: EM131671317

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