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Question 6 Not yet answered Marked out of 2 Finist Flag question Subsequent to the close of ABC fiscal year ending October 31, 2020, a

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Question 6 Not yet answered Marked out of 2 Finist Flag question Subsequent to the close of ABC fiscal year ending October 31, 2020, a major debtor has declared bankruptcy due to a series of events. The receivable is significantly material in relation to the financial statements, and recovery is doubtful. The debtor had confirmed the full amount due to ABC at the financial position statement date. Because the account was confirmed at the financial position statement date, ABC refuses to disclose any information in relation to this subsequent event. The CPA believes that all other accounts were stated fairly at the financial position statement date. In addition, ABC changed their method of inventory valuation from FIFO to WA. This change was disclosed in Note X to the financial statements. Accordingly, what type of opinion should be expressed? Select one: O a. Qualified due to a accounting standards departure. Ob. Unqualified with an explanatory paragraph. OC A combination of B and C. d. Qualified due to a scope limitation

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