During the year, the research staff of Dermoplex, Inc•, devoted Its entire efforts toward developing a skin cancer ointment. All costs that could be attributed directly to the project were accounted for as deferred Charges and classified on the balance sheet as an asset. If the amounts involved are material, the auditor should
a. Express an unmodified opinion with an other-matter paragraph explaining the uncertainty of cost recovery.
b. Disclaim an opinion.
c. Express an adverse opinion.
d. Express an unmodified opinion provided that the uncertainty about ultimate realization of the deferred charges is disclosed in the notes.
Ans: c. Express an adverse opinion.
Business
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In the U.S. Supreme Court, if all the justices voting agree as to the outcome and reasoning used to decide a case, it is a ________ decision
A) tie B) plurality C) majority D) unanimous
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