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lubasha [3.4K]
3 years ago
10

If the financial statements include an income statement and a balance sheet but exclude the statement of cash flows, the auditor

s Group of answer choices should issue a qualified opinion because the missing statement of cash flows constitutes a scope limitation. can issue an unqualified report. should issue a qualified opinion due to the departure from GAAP. should include the statement of cash flows, modify the report, and issue an unqualified opinion.
Business
1 answer:
USPshnik [31]3 years ago
3 0

Answer:

The auditor should issue a qualified report for the departure from generally accepted accounting principles.

Explanation:

A qualified opinion can be understood as the statement given by an auditor in conjunction with a corporation's audited financial statements in an auditor's report. It was an auditor's judgement that implies a firm's earnings reporting was restricted in scope or that there was a substantial fault with the implementation of generally accepted accounting standards (GAAP)—but hardly one that was widespread.

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A negative externality or spillover cost occurs when Multiple Choice the price of a good exceeds the marginal cost of producing
Mekhanik [1.2K]

A negative externality or spillover cost occurs when  the total cost of producing a good exceeds the costs borne by the producer.

  • Spillover costs, commonly referred to as "negative externalities," are losses or harm that a market transaction results in for a third party. Even though they were not involved in making the initial decision, the third party ultimately pays for the transaction in some way, according to Fundamental Finance.
  • An incident in one country can have a knock-on effect on the economy of another, frequently one that is more dependent on it, known as the spillover effect.
  • Externalities are the names for these advantages and costs of spillover. When a cost spills over, it has a negative externality. When a benefit multiplies, a positive externality happens. Therefore, externalities happen when a transaction's costs or benefits are shared by parties other than the producer or the consumer.

Thus this is the answer.

To learn more about spillover cost, refer: brainly.com/question/2966591

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Explanation:

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Answer:

Because he is able to cover the variable cots, he should keep going in the short run. He must increase the number of walks to cover the fixed costs.

Explanation:

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