Internal validity refers to whether the cause-and-effect relationships found in the experiment remain the same when replicated in a larger population

At year-end, the balance in the prepaid insurance account, prior to any adjustements, is $6,000. The amount of the journal entry required to record insurance expense will be $4,000 if the amount of unexpired insurance applicable to future periods is $2,000

a. true b. false

In an audit report in the annual report, a qualified opinion states that the financial statements are presented fairly in all material respects

Indicate whether the statement is true or false