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An emphasis-of-matter paragraph is required when: A. A major catastrophe has a significant effect on the entity's financial position. B. The entity is engaged in
An emphasis-of-matter paragraph is required when: A. A major catastrophe has a significant effect on the entity's financial position. B. The entity is engaged in an unusually important lawsuit that may result in a significant loss. C. An entity appropriately changed the accounting for investments from the cost method to the equity method. This change had a material effect on the financial statements. D. The entity engages in significant related party transactions
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