Question 4 (0.5 points) The management of Finner Company believes that the statement of cash flows...

  

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Question 4 (0.5 points) The management of Finner Company believes that "the statement of cash flows is not a very useful statement" and does not include it with the company's financial statements. As a result the auditor's opinion should be: disclaimed. adverse. O O O O unqualified. qualified. Question 5 (0.5 points) The matching principle requires that: assets will be matched to the liabilities incurred to purchase them. a proportion of each dollar collected will be assumed to be a recovery of cost. non-operating gains and losses should be netted against each other. revenues earned and expenses incurred in generating those revenues should be reported in the same income statement. Question 6 (0.5 points) Which of the following statements about directors of a company is true? All directors of a company are senior managers in that company. Directors are shareholders' representatives. Directors Directors are elected by management of a company. only get paid if the company increases its profitability that year. Question 4 (0.5 points) The management of Finner Company believes that "the statement of cash flows is not a very useful statement" and does not include it with the company's financial statements. As a result the auditor's opinion should be: disclaimed. adverse. O O O O unqualified. qualified. Question 5 (0.5 points) The matching principle requires that: assets will be matched to the liabilities incurred to purchase them. a proportion of each dollar collected will be assumed to be a recovery of cost. non-operating gains and losses should be netted against each other. revenues earned and expenses incurred in generating those revenues should be reported in the same income statement. Question 6 (0.5 points) Which of the following statements about directors of a company is true? All directors of a company are senior managers in that company. Directors are shareholders' representatives. Directors Directors are elected by management of a company. only get paid if the company increases its profitability that year.

Answer rating: 100% (QA)

Q4 Option C Unqualified A Incorrect because On some occasions an auditor is unable to complete an ac... View the full answer