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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
Legally Sufficient
Describes evidence or information that meets the established legal standards to support a claim or decision in court.
Consideration
The exchange of something of value in return for the promise or service of another party, a fundamental component of a valid contract.
Promise
A declaration or assurance by one party to another that a particular action or condition will occur or be met, potentially forming the basis of a contractual obligation.
Consideration
Something of value that is promised, given, or done that persuades a party to enter into a contract, making the contract legally enforceable.
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