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. Calculate the revenues for Simpson Co. for April.© BrainMass Inc. brainmass.com October 10, 2019, 5:34 am ad1c9bdddf
This solution shows how to calculate the revenues for a company in a given month, provided with the values from their cash receipts, expenses, and accrual basis net income.