During the month of april simpson co had cash receipts from

Reference no: EM13597651

During the month of April, Simpson Co. had cash receipts from customers of $170,000. Expenses totaled $156,000, and accrual basis net income was $42,000. There were no gains or losses during the month.

Required:
(a) Calculate the revenues for Simpson Co. for April. (Omit the "$" sign in your response.)

Revenues $

(b) Is the cash receipts and revenues equal?

Reference no: EM13597651

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