Consider the following partial adjusted trial balance accoun…

Consider the following partial adjusted trial balance accounts for ABC, Inc. prepared at the end of 2022:                                                             DR.                                       CR. Cash                                                   $20,000 PP&E                                                  $700,000 Rent expense                                       $40,000 Depreciation expense                         $5,000 Insurance expense                               $3,000 Loss on sale of PP&E                         $6,000             Accumulated depreciation                                          $100,000             Interest payable                                                          $10,000             Unearned revenue                                                       $15,000             Common stock                                                            $1,000             Additional-paid-in-capital                                          $99,000             Retained earnings                                                       $125,000             Revenue                                                                      $90,000             Gain on lawsuit settlement                                         $15,000   Based on the above information, how much Net Income would ABC, Inc. record for 2022?

ABC, Inc. purchases a building on 5/1/2022 for $500,000. At…

ABC, Inc. purchases a building on 5/1/2022 for $500,000. At the time of the purchase they expect that the building will be used for 40-years and assume a $20,000 salvage value.  They use straight-line depreciation to depreciate the building.  Assume that ABC, Inc. prepares annual financial statements on 12/31 each year. What is the journal entry to record depreciation expense on 12/312022?  

Below is a boxplot of the arrival delay in minutes for fligh…

Below is a boxplot of the arrival delay in minutes for flights arriving in Buffalo Niagara International Airport on a given day. The low outlier is most likely a system data error. The high outlier was a flight arriving from SFO that was diverted mid-flight due to storms over the central plains and eventually arrived in Buffalo over 12 hours late.   Removing both outliers will create what impact, if any, on the mean and median arrival delay for this data set? boxplot.jpg