The Adverse Effects of Events Causing an Auditor to Believe

Multiple Choice

The adverse effects of events causing an auditor to believe there is substantial doubt about an entity's ability to continue as a going concern would most likely be mitigated by evidence relating to the:

A) ability to expand operations into new product lines in the future.
B) feasibility of plans to purchase leased equipment at less than market value.
C) marketability of assets that management plans to sell.
D) committed arrangements to convert preferred stock to long-term debt.