Governments use a multiple exchange rate system to ________

Kyle and Eric run an ice cream stand called Cones 'n' More, set up as a limited liability partnership

Kyle was away on vacation when Cones 'n' More had an electric power failure that kept the ice cream freezers from working for two days. When the power came back on, Eric decided to let the ice cream refreeze and then sell it as though nothing had happened. Many customers became sick, sued the company, and won the suit. What most likely happened to Kyle and Eric as a result of losing the suit? A) Kyle and Eric lost the business, and both lost their homes and their cars. B) Kyle and Eric lost the business, but only Eric lost his home and his car. C) Eric lost his home and his car but the partners were able to keep the business. D) Kyle and Eric lost the business, but neither lost anything else. E) Neither Kyle nor Eric lost anything.

A qualified opinion on management's assessment of internal controls over the financial reporting system necessitates a qualified opinion on the financial statements.

Answer the following statement true (T) or false (F)