At december 31, 2022, novak corporation reported the following plant assets. land $ 3,198,000 buildings $26,610,000 less: accumulated depreciation—buildings 12,712,050 13,897,950 equipment 42,640,000 less: accumulated depreciation—equipment 5,330,000 37,310,000 total plant assets $54,405,950 during 2023, the following selected cash transactions occurred. apr. 1 purchased land for $2,345,200. may 1 sold equipment that cost $639,600 when purchased on january 1, 2016. the equipment was sold for $181,220. june 1 sold land for $1,705,600. the land cost $1,066,000. july 1 purchased equipment for $1,172,600. dec. 31 retired equipment that cost $746,200 when purchased on december 31, 2013. no salvage value was received. journalize the transactions. novak uses straight-line depreciation for buildings and equipment. the buildings are estimated to have a 40-year useful life and no salvage value; the equipment is estimated to have a 10-year useful life and no salvage value. update depreciation on assets disposed of at the time of sale or retirement.

Which change is illustrated by the shift taking place on this graph? an increase in demanda decrease in demandan increase in supplya decrease in supply

Exercise 8-6 goods in transit [lo8-2] the kwok company's inventory balance on december 31, 2016, was $190,000 (based on a 12/31/16 physical count) before considering the following transactions: 1. goods shipped to kwok f.o.b. destination on december 20, 2016, were received on january 4, 2017. the invoice cost was $35,000. 2. goods shipped to kwok f.o.b. shipping point on december 28, 2016, were received on january 5, 2017. the invoice cost was $22,000. 3. goods shipped from kwok to a customer f.o.b. destination on december 27, 2016, were received by the customer on january 3, 2017. the sales price was $45,000 and the merchandise cost $27,000. 4. goods shipped from kwok to a customer f.o.b. destination on december 26, 2016, were received by the customer on december 30, 2016. the sales price was $25,000 and the merchandise cost $18,000. 5. goods shipped from kwok to a customer f.o.b. shipping point on december 28, 2016, were received by the customer on january 4, 2017. the sales price was $30,000 and the merchandise cost $17,000. required: determine the correct inventory amount to be reported in kwok's 2016 balance sheet.

During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.