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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 The estimated uncollectible accounts receivable is now zero and should be $28,000
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