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. If the opinion paragraph of an auditor reports states: In our opinion, except for the effects of not capitalizing certain lease obligations, as discussed

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. If the opinion paragraph of an auditor reports states: In our opinion, except for the effects of not capitalizing certain lease obligations, as discussed in the preceding paragraph, the financial statements present fairly..., the auditor has issued a(an) 1. Unmodified opinion. 2. Unmodified opinion with explanatory paragraph. 3. Qualified opinion. 4. Adverse opinion. 1 O 2 3 4

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