An Entity Changed from the Straight-Line Method to the Declining

question 939

Multiple Choice

An entity changed from the straight-line method to the declining balance method of depreciation for all newly acquired assets. This change has no material effect on the current year's financial statements, but is reasonably certain to have a substantial effect in later years. If the change is disclosed in the notes to the financial statements, the auditor should issue a report with a(an) :

• A) "Except for" qualified opinion.
• B) Explanatory paragraph.
• C) Unqualified opinion.
• D) Consistency modification.

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Definitions:

CAPTCHA

A type of security measure known as "Completely Automated Public Turing test to tell Computers and Humans Apart". It helps prevent spam or automated data submissions by asking users to enter a set of characters they see in an image or hear in an audio clip.

Wavy Hard-to-read Letter

Often used in CAPTCHA tests, these are distorted text characters designed to be difficult for automated systems to read, used to prevent bot access to websites.

Logical Port Blocking

A condition in which a firewall is configured to ignore all incoming packets that request access to a certain port so that no unwanted requests will get through to the computer.

Packet Filtering

A process in which firewalls are configured so that they filter out packets sent to specific logical ports.