D Question 39 2.5 pts Meredith, CPA, concludes that her client's noncompliance with laws and regulations has not been accounted for properly in accordance with GAAP. The amounts are material. Depending on how pervasive the effect is on the financial statements, what type of opinion should Meredith express? [Exam] A. Adverse opinion or a disclaimer of opinion. B. Qualified opinion or an adverse opinion. C. Disclaimer of opinion or an unmodified opinion with a separate explanatory paragraph. D. Unmodified opinion with a separate emphasis-of-matter paragraph or a qualified opinion. OA OB OD Hide D Question 38 2.5 pts Wanda, CPA, is evaluating whether there is substantial doubt about the ability of her financial statement audit client Binga to continue as a going concern. Binga's management has several plans to improve their financial situation and avoid financial failure. Of the following possibilities for Binga, which is most likely to mitigate Wanda's concerns about Binga's ability to continue as a going concern? [Exam] A. Binga's ability to expand operations into new product lines in the future. B. The feasibility of Binga's plans to purchase leased equipment at less than market value. C. The marketability of assets that management plans to sell. D. Binga's arrangements to decrease equity by converting preferred stock to noncurrent debt. OA OB D II Proctorio is sharing your screen. Stop sharing Hide