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Novak Corporation, a private entity reporting under ASPE, was incorporated on January 3 , 2 0 2 2 . The corporation's financial statements for its

Novak Corporation, a private entity reporting under ASPE, was incorporated on January

3, 2022 .

The corporation's financial statements for its first year of operations were not examined by a public accountant. You have been engaged to audit the financial statements for the year ended December

31, 2023,

and your audit is almost complete. The corporation's trial balance is as follows:

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