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Suppose mat Laramie company's adjusted trial balance ignored the following information. Indicate what effects, if any, these omissions would have on the stated components of
Suppose mat Laramie company's adjusted trial balance ignored the following information. Indicate what effects, if any, these omissions would have on the stated components of Laramie Company's 2016 income Statement and 12/31/16 Balance Sheet. Assume no income taxes. N = No Effect O = Overstated U = Understated $21,000 in depreciation on some equipment was still unrecorded
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