Use the following information for questions O' Hara Company began operations on December 1,2011 . Presented below is selected information related to O' Hara Company at December 31, $ 2011 . $

-Net income for the month of December is

Question

Use the following information for questions O' Hara Company began operations on December 1,2011 . Presented below is selected information related to O' Hara Company at December 31, $ 2011 . $

-Net income for the month of December is

Quizplus · Accepted Answer

There is no information given about the revenue or expenses of the company, but we are given the net income for the month of December. Therefore, we can assume that this is the only source of income and deduct any expenses incurred during the month. The net income for December is £42,000.

Use the Following Information for Questions O' Hara Company Began 2011. 2011 . 2011.

Use the Following Information for Questions O' Hara Company Began $2011 .$