During the month of April, Simpson Co. had cash receipts from customers of $170,000. Expenses totaled $156,000,
Question:
Required:
a. Calculate the revenues for Simpson Co. for April.
b. Explain why cash receipts from customers can be different from revenues.
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a Revenues 156000 Expenses 42000 Net income Revenues 198000 b Cash rec...View the full answer
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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