Convenience products are less frequently purchased consumer products and services that customers compare carefully on suitability, quality, price, and style.

A listing broker receives a $220,000 offer on a property they have listed. Before presenting the off to the sellers the broker receives a second offer from another buyer for $225,000. The broker's course of action would be to:

A. Tell the second buyer there is already an offer on the property, but if the sellers refuses it, he will present their offer. B. Present the offers to the sellers in the order they were received. C. Let the first offer expire without presenting it and then present the higher second offer. D. Present both offers to the sellers and tell them they have the right to accept whichever one they choose.

When likely misstatements are greater than overall materiality, the auditor should

A) Request that the auditee adjust the financial statements. B) Issue an unqualified opinion. C) Modify the opinion if the auditee will not adjust the financial statements. D) Both a and c.