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Suppose that Laramie Companys adjusted trial balance ignored the additional information shown. Required: Indicate what effects, if any, this omission would have on the stated

Suppose that Laramie Companys adjusted trial balance ignored the additional information shown.

Required:

Indicate what effects, if any, this omission would have on the stated components of Laramie Company's 2024 Income Statement and 12/31/2024 Balance Sheet. Assume no income taxes.

Note: Understated amounts should be indicated with a minus sign.

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