QUESTION 6 A small consulting firm had the following transactions over a two-month period, December 2016 and January 2017, and no other transactions Client services were performed and billed during December 2016 for total fees of $57,000. Of this amount, $46,000 was collected in December 2016 and the balance was collected in January 2017. Expenses incurred to service these clients during December 2016 were $40,000, of which $30,000 was paid in December 2016 and the remaining $10,000 was paid in January 2017. Using a cash-based approach, what was the net Income for the month of December 2016? a $16,000 b. $18,000 OG $27.000. d. $6,000. QUESTION 7 By for which of the auditors' opinions in publicly traded companies the most common: Unqualified b. Qualified c. Adverse d. Disclaimer