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 additional section that specifically uses the phrase$($s$)$

$$Possible

Discontinuance

of Operations$$

$$Reasonable Period

of Time, Not to

Exceed One Year$$

$$Possible Discontinuance of Operations$$

No

$$Reasonable Period of Time, Not to Exceed One Year$$

No

$$Possible Discontinuance of Operations$$

Yes

$$Reasonable Period of Time, Not to Exceed One Year$$

No

$$Possible Discontinuance of Operations$$

No

$$Reasonable Period of Time, Not to Exceed One Year$$

Yes

$$Possible Discontinuance of Operations$$

Yes

$$Reasonable Period of Time, Not to Exceed One Year$$

Yes