17. Kane, CPA, concludes that there is substantial doubt about Lima Co.’s ability to continue as a going concern for a reasonable period of time. If Lima’s financial statements adequately disclose its financial difficulties, Kane’s auditor’s report is required to include an explanatory paragraph that specifically uses the phrase(s)

“Possible “Reasonable period discontinuance of time, not to of operations” exceed 1 year”

a. Yes Yes

b. Yes No

c. No Yes

d. No No