This is a question about the accrual basis of accounting.

Click to see additional instructions A staff member works during the last month of this year and is paid $800 for that work during the first month of next year. The organization bills its customer $1,000 this year for the work done by the staff member, and collects the money immediately this year. Assuming those are the only financial events, this year the reported profit or loss using the accrual basis of accounting is: $ |:| [Use a hyphen or dash to indicate a negative number, not parentheses. No decimals are necessary