When financial statements of a nonpublic company are affected by a material departure from generally accepted accounting principles, the auditors should issue an opinion that is unmodified.
<h3>What is GAAP?</h3>
The full form of the GAAP is Generally Accepted Accounting Principles in which the rules and regulations related to the financial accounting are written.
In the above case in which the Non public company is affected by the departure of the material then the auditors must issue the an opinion that is unmodified.
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Answer:
The representative should talk to the manager to determine if there was a Know Your Customer violation
Explanation:
Answer: $332,540
Explanation: find attached my solution in the document below.
NB : note that the Insurance after equipment placed in service and Insurance for the first year of operations was not added because these are to be termed expenses to be deducted in the P & L account.
I think the answer is false
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