Which One of the Following Is Not a Type of Unqualified

question 1

Multiple Choice

Which one of the following is not a type of unqualified audit opinion issued by auditors?

• A) Standard with three paragraphs.
• B) Includes explanatory paragraph.
• C) Includes modifications.
• D) Does not include the opinion paragraph.

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Definitions:

Minimum

The lowest allowable or possible amount, level, or point.

Marginal Cost

The amount needed to generate one more unit of a good or service.

Average Total Cost

The overall expense of manufacturing, when dispersed across the number of products made, encompassing both constant and fluctuating expenses.

Average Variable Cost

The sum of all costs that fluctuate with production volume, divided by the total amount of goods produced.