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NEW QUESTION: 1

A. Option A
B. Option B
C. Option D
D. Option C
Answer: B

NEW QUESTION: 2
When you make a change to an asset, at what point does the planned depreciation change in Asset Accounting?
A. After a posting to a fixed asset
B. After depreciation is run without being posted
C. After depreciation is run and posted to the fixed assets ledger
D. After depreciation is run and posted to the general ledger
Answer: A

NEW QUESTION: 3
When unaudited financial statements of a nonissuer are presented in comparative form with audited
financial statements in the subsequent year, the unaudited financial statements should be clearly marked
to indicate their status and:
I. The report on the unaudited financial statements should be reissued.
II. The report on the audited financial statements should include a separate paragraph describing the
responsibility assumed for the unaudited financial statements.
A. Either I or II.
B. II only.
C. Both I and II.
D. I only.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. When audited financial statements are presented in comparative form with
unaudited financial statements from a prior year, the auditor should either reissue his or her report on the
unaudited statements or include a separate paragraph in the current year report describing the
responsibility assumed for the unaudited statements.
Choices "A", "B", and "C" are incorrect, per above Explanation.