A Client Has Changed the Salvage Values of a Number

question 4

Multiple Choice

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

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

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Definitions:

Tasks

Specific pieces of work or activities that are to be accomplished within a given timeframe.

EEG

Electroencephalography, a method used to record electrical activity of the brain through electrodes placed on the scalp.

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

Neurotransmitter

Chemical messengers that transmit signals across a chemical synapse from one neuron (nerve cell) to another 'target' neuron, muscle cell, or gland cell.