how to get the net income? 1 answer below »

A company maintains its records using cash-basis accounting. During the year, the company received cash from customers, $34,000, and paid cash for taxes, $24,000. At the beginning of the year, customers owe the company $3,000. By the end of the year, customers owe $5,000. At the beginning of the year, the company owes taxes of $4,000. At the end of the year, the company owes taxes of $5,000. What is the accrual basis net income of the company for the current year?

"Is this question part of your assignment? We can help"

ORDER NOW