During the year ended December 31, Price Corporation reported its fixed assets at lower of cost or market (LCM) because their fair value had declined. The loss has been included as an extraordinary item in the income statement and the adjustment has been fully disclosed in the notes. If a CPA believes that the values reported in the financial statements are reasonable, what opinion would be most appropriate?

A. An unmodified opinion.
B. A "subject to" qualified opinion.
C. An adverse opinion.
D. A disclaimer of opinion.

Ans: C. An adverse opinion.