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Suppose that Laramie Company's adjusted trial balance ignored the following information. Indicate what effects, if...

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Accounting

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Suppose that 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 2018 Income Statement and 12/31/18 Balance Sheet. Assume no income taxes. 12/31/18 Assets 12/31/18 Liabilities 2018 Net Income Additional Information 12/31/18 Owners' Equity $2,800 interest on a loan was not yet paid or recorded Incognito Company is contemplating the purchase of a machine that provides it with cash savings of $83,000 per year for five years Interest is 8%. Assume the cash savings occur at the end of each year. (FVof $1, PV of$1. EVA of $1, PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required Calculate the present value of the cash savings. (Round your final answer to the nearest whole dollar.) Present value

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