An auditor expressed a qualified opinion after a financial statement audit of a nonissuer. The auditor most likely concluded that the A. Effects of misstatements are material and pervasive to the financial statements.
B. Possible effects of misstatements are neither material nor pervasive to the financial statements.
C. Effects of misstatements are material but not pervasive to the financial statements.
D. Possible effects of misstatements are material and pervasive to the financial statements.

As he explores his options, sergio notices that some opportunities appear to be riskier than others. when considering various opportunities, sergio should keep in mind that:

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is:

Double corporation acquired all of the common stock of simple company for