1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Llana [10]
1 year ago
10

when an auditor of financial statements has substantial doubt about an entity's ability to continue as a going concern, the audi

tor most likely would express a qualified or adverse opinion if:
Business
1 answer:
tangare [24]1 year ago
7 0

If information about an entity's ability to continue as a going concern is not disclosed in the financial statements, an auditor of financial statements is likely to express an adverse opinion.

<h3>Define a qualified or adverse opinion.</h3>

A remark made in an auditor's report that is attached to a company's audited financial statements is known as a qualified opinion. According to an auditor's judgment, a company's financial information may have been incomplete or there may have been a significant problem with how generally accepted accounting standards (GAAP) were applied, but the problem was not widespread.

With one or more exceptions, the financials often reflect the company's success and position. The financial statements are inaccurate or do not adhere to widely accepted accounting rules, in our opinion (GAAP).

To know more about qualified opinion, visit:

brainly.com/question/14310924

#SPJ1

You might be interested in
On September 1 of the current year, Mr. Z, a cash-basis, calendar-year, self-employed mechanic, borrowed $10,000 at 10% for 5 ye
wlad13 [49]

Answer:

$200

Explanation:

Calculation for How much of the $3,000 fee may Z deduct on his Schedule C for the current year.

Amortized over life of loan = ($3,000/60 months) x 4 months

Amortized over life of loan=$50×4 months

Amortized over life of loan=$200

Note that September 1 to 31 December will give us 4 months

Therefore what Z deduct on his Schedule C for the current year is $200

4 0
3 years ago
In a command economy do highly skilled workers earn more, less, or the same as low-skilled workers?
Scilla [17]
In a command economy, depending on most of the businesses, consumers can either buy more, or buy less than they would in a different economy. But because of the fluctuation businesses experience with their profit rates and so on, highly skilled workers are paid the same as low-skilled workers.
7 0
3 years ago
A decrease in money demand for some reason other than a change in the price level causes _________.
goldenfox [79]

Answer:

A

Explanation:

3 0
3 years ago
Jarvey Corporation is studying a project that would have a ten-year life and would require a $450,000 investment in equipment wh
Tems11 [23]

Answer:

Payback period = 3 years

Explanation:

<em>The payback period is the average length of time it takes the cash inflow from a project to recoup the cash outflow.</em>

<em>Where a project is expected to generate a series of equal annual net cash inflow, the payback period can be calculated as:  </em>

<em>Payback period =The initial invest /Net cash inflow per year </em>

The cash inflow = Net operating income + Depreciation

                          = 105, 000 + 45,000 = 150,000

Note we have to add back depreciation because it is not a cash-based expenses. And payback period makes use of only cash-based revenue and expenses.

Payback period = 450,000/150,000

                          = 3 years

Payback period = 3 years

5 0
4 years ago
In the context of the number and the intensity of external factors in the environment that affect organizations, a(n) _____ is d
xxMikexx [17]

Answer:

simple environment

Explanation:

Organizational environment can be regarded as internal as well as external environmental factors which can influence the activities and

decision making of the

organization. The environment of an organization has a surroundings which has favourable or unfavorable effects on its operations. simple environment is one with a limited environmental factors which can influence or affect the operation of the organization, the intensity of external factors that affects

simple environment is very low compare to complex environment. It should be noted that In the context of the number and the intensity of external factors in the environment that affect organizations, simple environment is defined as an environment with few environmental factors.

4 0
3 years ago
Other questions:
  • All the following items are similar to each other except one. Which item is least like the others?
    8·1 answer
  • Governmental financial reporting should provide information to assist users in which situation?
    11·1 answer
  • _____ requires that employees be given opportunities to provide input, discuss their performance, and appeal any decision they b
    14·1 answer
  • Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1)
    8·1 answer
  • Lola owns a one-half interest in the Lenax LLC. Her basis in this ownership interest is $22,000 on December 31, 2016, after acco
    7·1 answer
  • Exercise 13-26 (LO. 5) Henry is a 50% partner in HJ Partnership. This year, the tax form he receives from HJ (Schedule K-1 of Fo
    5·1 answer
  • On January 1, 2020, Swifty Corporation exchanged equipment for a $640000 zero-interest-bearing note due on January 1, 2023. The
    9·1 answer
  • The fast-food chain wants its ads to show the size difference between its "Big Beefy" burger and another chain's "Deluxe Beef" b
    11·1 answer
  • Enrique is trying to decide which college is the best for his career choice, which is aeronautical engineering. If his top prior
    13·1 answer
  • Tim, a single taxpayer, operates a business as a single-member LLC. In 2021, his LLC reports business income of $225,000 and bus
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!