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  3. Study Set
    Auditing and Assurance
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    Exam 15: Assets, Liabilities and Equity Related to the Financing Cycle
  5. Question
    A Debt Covenant Waiver
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A Debt Covenant Waiver

Question 22

Question 22

Multiple Choice

A debt covenant waiver:


A) implies there is not a going concern risk.
B) relieves the client from making payment for the debt.
C) relieves the client from penalties resulting from covenant violations.
D) All of the above.

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