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Flexsteel Industries manufactures furniture for the retail, contract, and recreational vehicle furniture markets. Suppose that the corporation's adjusted trial balance ignored the following information. For
Flexsteel Industries manufactures furniture for the retail, contract, and
recreational vehicle furniture markets. Suppose that the corporation's
adjusted trial balance ignored the following information. For each item,
indicate what effects, if any, these omissions would have on the stated
components of the corporation's Income Statement and
Balance Sheet. Assume no income taxes.
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