Financial information for Buckle is presented in Appendix B$.$

Required:

What does the Report of Independent Registered Public Accounting Firm indicate about Buckle's internal controls?

In the summary of significant accounting policies, how does Buckle define cash equivalents?

$3-$a$.$ What is the amount of cash reported in the two most recent years?

$3-$b$.$ How much has cash increased$/$decreased from the previous year?

Determine the amounts Buckle reports for net cash flows from operating activities, investing activities, and financing activities in its statement of cash flows for the most recent year. What are total cash flows for the year?

What is Buckle's ratio of cash to noncash assets?

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Req $6$

What does the Report of Independent Registered Public Accounting Firm indicate about Buckle's internal controls?

What does the Report of Independent Registered Public Accounting Firm indicate about Buckle's internal controls?

Req $1$

Adverse opinion

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Unqualified opinion