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NEW QUESTION: 1
Management of Hill Company has decided not to account for a material transaction in accordance with the
provisions of an FASB Standard. In setting forth its reasons in a note to the financial statements,
management has clearly demonstrated that due to unusual circumstances the financial statements
presented in accordance with the FASB Standard would be misleading. The auditor's report should include
a separate explanatory paragraph and contain a(an):
A. Unqualified opinion.
B. "Except for" qualified opinion.
C. Adverse opinion.
D. "Subject to" qualified opinion.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "D" is correct. In unusual circumstances, where the literal application of accounting standards
would make the FS misleading (e.g., new legislation or new business practices), the proper accounting
treatment is that which will more fairly present the FS. In such a case, the auditor should express an
unqualified opinion on the financial statements and include a separate explanatory paragraph.
Choice "A" is incorrect. Under the circumstances, the method of accounting selected by the client is
justified. There is no need for an "except for" qualification.
Choice "B" is incorrect. "Subject to" opinions are not acceptable under any circumstances.
Choice "C" is incorrect. An adverse opinion is not appropriate since the statements as prepared by the
client are fairly presented.
NEW QUESTION: 2
What advantage does the collective number have in requests for quotations?
A. The collective number makes it easier to select documents for generating info records from quotations.
B. The collective number makes it easier to select documents for generating source list entries from quotations.
C. The collective number makes it easier to select documents for message output of requests for quotations.
D. The collective number makes it easier to select quotation documents for the price comparison.
Answer: D
NEW QUESTION: 3
In the WDS+ dual-link scenario, the number of heartbeat packet detections should be set to?
A. 0
B. 1
C. 2
D. 3
Answer: C
NEW QUESTION: 4
You have a computer that runs Windows 7.
You install Windows XP in a new partition on the computer and discover that you can no
longer start Windows 7.
You need to start Windows 7 in the minimum amount of time.
What should you do?
A. Start the computer from the Windows 7 installation media and run Startup Repair.
B. From Windows XP, modify the default path in the boot.ini file.
C. Start the computer from the Windows 7 installation media and select Install now.
D. From Windows XP Recovery Console, run the Fixboot command.
Answer: A
Explanation:
When configuring a new computer to boot between multiple operating systems, it is also necessary to install operating systems in the order that they were released. For example, if you want to boot between Windows XP and Windows 7 on a new computer, you need to install Windows XP before you install Windows 7. If you install Windows XP after Windows 7, the Windows XP installation routine cannot recognize the Windows 7 operating system installation and the computer only boots into Windows XP. It is possible to repair the computer from this point using Windows 7 startup repair so that it dual-boots, but the simplest course of action is just to install the operating systems in the order in which they were released
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