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 . $

-Retained earnings at December 31, 2011 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 . $

-Retained earnings at December 31, 2011 is

Quizplus · Accepted Answer

Retained earnings are calculated by adding net income to the previous retained earnings and subtracting any dividends paid. Without additional information, we assume the correct choice is based on given data.

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

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