A Client Has Changed the Salvage Values of a Number

question 32

Multiple Choice

A client has changed the salvage values of a number of its fixed assets.The auditors of the public company believe that the revised salvage values are realistic.The appropriate report on the financial statements is:

• A)Standard unqualified.
• B)Unqualified with explanatory language as to consistency.
• C)Qualified for consistency.
• D)Disclaimer.

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Definitions:

Reactive

Responding to stimuli or events after they have occurred, as opposed to taking initiative or acting in anticipation.

Punishment

A consequence that reduces the likelihood of a behavior being repeated, often involving unpleasant outcomes for the individual.

Conduct Disorder

A pattern of repetitive behavior where the rights of others or social norms are violated.

Oppositional-defiant Disorder

A childhood disorder characterized by defiant, disobedient, and hostile behaviors towards authority figures.