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An auditor believes that there is substantial doubt about an entity's ability to continue as a going concern for a reasona of time. In evaluating the entity's plans for dealing with the adverse effects of future conditions and events, the auditor would consider, as a mitigating factor, the entity's plans to: Extend the due dates of existing loans. Operate at increased levels of production. O Accelerate expenditures for research and development projects. O Issue stock options to key executives.

An auditor believes that there is substantial doubt about an entity's ability to continue as a going concern for a reasona of time. In evaluating the entity's plans for dealing with the adverse effects of future conditions and events, the auditor would consider, as a mitigating factor, the entity's plans to: Extend the due dates of existing loans. Operate at increased levels of production. O Accelerate expenditures for research and development projects. O Issue stock options to key executives.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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An auditor believes that there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. In evaluating the entity's plans for dealing with the adverse effects of future conditions and events, the auditor most likely would consider, as a mitigating factor, the entity's plans to: Extend the due dates of existing loans. Operate at increased levels of production. Accelerate expenditures for research and development projects. Issue stock options to key executives.
Transcribed Image Text:An auditor believes that there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. In evaluating the entity's plans for dealing with the adverse effects of future conditions and events, the auditor most likely would consider, as a mitigating factor, the entity's plans to: Extend the due dates of existing loans. Operate at increased levels of production. Accelerate expenditures for research and development projects. Issue stock options to key executives.
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