1. Examples of adverse conditions and events include: a. Positive cash flows from operating activities. b. Significant...
Question:
1. Examples of adverse conditions and events include:
a. Positive cash flows from operating activities.
b. Significant long-term leases.
c. Loss of a principal supplier.
d. Increase in customer deposits.
2. Examples of plans that management may implement to mitigate conditions and events that raise substantial doubt about an entity's ability to continue as a going concern include:
Plans to purchase machinery and equipment. | |||||||||||||||||
Plans to reduce or delay expenditures. | |||||||||||||||||
Plans to increase bonuses to top management executives. | |||||||||||||||||
All of the above. 3. An auditor's decision concerning whether or not to "dual-date" the audit report is based upon the auditor's willingness to:
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College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker