Calculate the revenues for simpson co. for april

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Reference no: EM1311789

Explain cash receipt versus revenues

Cash Receipts versus revenues during the month of April. Simpson CO. had cash receipts from customers of 170,000. Expenses totaled 56,000 and accrual basis net income was 42,000. There were no gains or losses during the month.

1) Calculate the Revenues for Simpson Co. for April

2) Explain why cash receipt from customers can be different from revenues.

Reference no: EM1311789

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