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

Suppose that Laramie Company's 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.

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