Chapter 2, Problem 4E

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An error exists in a set of financial statements. The error is not pervasive, but material. The CPA can issue what type of report?     Qualified          Disclaimer       Adversea.    No                    No                   Yesb.    Yes                  Yes                    Noc.    No                    Yes                   Yesd.    Yes                   No                    Yese.    Yes                   No                    No

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Hi expert please give me answer general accounting question

XYZ Technologies, Inc., purchased advanced robotics equipment three years ago for $20 million. The machinery can be sold in the current market for $18.5 million. XYZ's current balance sheet shows net fixed assets of $16 million, current liabilities of $750,000, and net working capital of $300,000. If all current assets were liquidated today, the company would receive $1.25 million in cash. a. What is the book value of XYZ's total assets today? b. What is the market value of XYZ's total assets today?

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