Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 54

Interim Results
Custodian Commandos, Inc., provides janitorial services to public school systems.he business adjusts its accounts monthly, but closes them only at year-end.ts fiscal year ends on December 31.
A summary of the company's total revenue and expenses at the end of five selected months is as follows:

a.ank the company's fiscal quarters from most profitable to least profitable.
b.ompute the company's income for the month of September.
c.ompute the company's net income (or loss) for the first two months of the third quarter.rovide a possible explanation why profitability for the first two months of the third quarter differs significantly from profitability achieved in the third month of the quarter (as computed in part b ).