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Kane, CPA, Concludes That There Is Substantial Doubt About Lima

Question 880

Multiple Choice

Kane, CPA, concludes that there is substantial doubt about Lima Co.'s ability to continue as a going concern for a reasonable period of time. If Lima's financial statements adequately disclose its financial difficulties, Kane's auditor's report is required to include an explanatory paragraph that specifically uses the phrase(s) : Kane, CPA, concludes that there is substantial doubt about Lima Co.'s ability to continue as a going concern for a reasonable period of time. If Lima's financial statements adequately disclose its financial difficulties, Kane's auditor's report is required to include an explanatory paragraph that specifically uses the phrase(s) :   A)  Option A B)  Option B C)  Option C D)  Option D


A) Option A
B) Option B
C) Option C
D) Option D

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