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. Disclaimer of opinion.

c. Adverse opinion.

d. Unqualified opinion.