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False For each of the items listed below, indicate how it should be treated in the 5 pc financial statements. : 1. An uninsured casualty
False For each of the items listed below, indicate how it should be treated in the 5 pc financial statements. : 1. An uninsured casualty loss was incurred by the company. This was the first loss of this type in the company's 50-year history. 2. Recognition of income earned last year which was inadvertently omitted from last year's income statement. 3. The company sold one of its warehouses at a loss. 4. The company neglected to record its depreciation in the previous year. 5. Loss on the disposal of a component of the business. Your
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