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Author Question: Which of the following best describes when a "qualified" report would be issued? (Read 106 times)

curls713

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on: May 9, 2022

Question 1

What type of accounting system records revenue only when the money is actually received?
◦ Depreciation
◦ Deferral basis
◦ Accrual basis
◦ Profit basis
◦ Cash basis

Question 2

Which of the following best describes when a "qualified" report would be issued?
◦ After auditors can verify the financial statements are accurate
◦ After auditors can verify the financial statements conform to GAAP standards
◦ When auditors feel the company did not use normal practices in preparing the financial report
◦ When auditors are unable to verify all relevant information within the report
◦ When auditors feel the financial statements unfairly report the company's finances
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Marked as best answer by curls713 on May 9, 2022

Hamad

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Reply #1 on: May 9, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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curls713

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Reply 2 on: May 9, 2022
Great answer, keep it coming :)

dyrone

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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