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pls solve 1. if the balance sheet of a private company is dated December 31,2011, the audit report is dated February 8, 2012, and both
pls solve
1. if the balance sheet of a private company is dated December 31,2011, the audit report is dated February 8, 2012, and both are released on February 15,2012, this indicates that the auditor has searched for subsequent events that occurred up to: December 31,2011 January 1,2012 February 8, 2012 February 15,2012 2. In which of the following situations would the auditor most likely issue an unqualified report: The client valued ending inventory by using the replacement cost method The client valued ending inventory by using the Next-In-First_Out (NIFO) method The client valued ending inventory at selling price rather than historical cost The client valued ending inventory by using the First-In_First-out (FIFO) method, but showed the replacement cost of inventory in the Notes to the Financial StatementsStep by Step Solution
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