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Jerry Jewels, Inc. leases its manufacturing facility from a partnership controlled by the chief executive officer and major shareholder of Jerry Jewels. Your review of
Jerry Jewels, Inc. leases its manufacturing facility from a partnership controlled by the chief executive officer and major shareholder of Jerry Jewels. Your review of the lease indicates that the rental terms are in excess of rental terms for similar buildings in the area. The company refuses to disclose this related-party transaction in the footnotes. What type of opinion would you issue?
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