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hram777 [196]
2 years ago
4

If financial statements contain a material but non-pervasive departure from generally accepted accounting principles, the audito

rs should render a(n):________
Business
1 answer:
kvv77 [185]2 years ago
7 0

If financial statements contain a material but non-pervasive deviation from generally accepted accounting principles, auditors should issue a qualified opinion with regard to the deviation.

A qualified opinion may be required in certain circumstances of  financial statements. A qualified opinion states that, with the exception of the effects of the matter to which the qualification relates, the financial statements present the financial position, results of operations, and cash flows fairly and in accordance with generally accepted accounting principles. When the auditor expresses a qualified opinion, he or she should disclose all of the substantive reasons for the qualified opinion in one or more separate paragraph(s) of the auditor's report immediately following the opinion paragraph. Auditors should issue a qualified opinion if financial statements contain a material but non-pervasive deviation from generally accepted accounting principles.

Learn more about financial statements here-

brainly.com/question/27834437

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On January 1, James Company reported total current assets of $658,000 and total current liabilities of $365,000. During the year
jek_recluse [69]

Answer:

$370,440

Explanation:

The computation of the working capital is as follows:

As we know that

Working capital = Current asset - current liabilities

where,

Current Assets is

= Total current assets - purchase of an equipment - salaries - borrowed amount

= $658,000 - $2,000 - $560 + $80,000

= $735,440  

And, Current Liabilities is $365,000  

So, the working capital is

= $735,440 - $365,000    

= $370,440

7 0
3 years ago
Fenton has a food truck in which he sells mainly burgers and fries. He decided to expand his product line to begin serving grill
marusya05 [52]

Answer:

e. cannibalization

Explanation:

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5 0
4 years ago
What does handicap mean?
s344n2d4d5 [400]

Handicap means a circumstance that makes progress or success difficult or the other definition is act as an impediment to.

3 0
3 years ago
Read 2 more answers
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Answer:

Through the newspaper ads.

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4 years ago
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ss7ja [257]

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3 years ago
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