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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. "Except for" qualified opinion.
B. Unqualified opinion.
C. Adverse opinion.
D. "Subject to" qualified opinion.
Answer: B
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
Refer to the exhibit.
EIGRP has been configured on all routers in the network. What additional configuration statement should be included on router R4 to advertise a default route to its neighbors?
A. R4(config)# ip route 0.0.0.0 0.0.0.0 10.1.1.1
B. R4(config)# ip route 10.0.0.0 255.0.0.0 10.1.1.1
C. R4(config)# ip default-network 10.0.0.0
D. R4(config-router)# default-information originate
Answer: C
NEW QUESTION: 3
A Linux administrator needs to add some files in a directory to the Git repository but must exclude some local
.tmp files that are occasionally created by the scripts.
Which of the following is the BEST way to accomplish this task?
A. rm -rf .tmp
B. git add -x .tmp *
C. git rm .tmp
D. echo .tmp >> .gitignore
Answer: D
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