If the Upper Limit on Misstatements Is Calculated at $17,800

question 25

Multiple Choice

If the upper limit on misstatements is calculated at $17,800 and the tolerable misstatement is $15,000,what is the minimum amount of adjustment necessary for the audit team to issue an unqualified opinion on the client's financial statements?

• A) $0.
• B) $2,800.
• C) $15,000.
• D) $17,800.

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