Subsequent to the close of Zain Company fiscal year ending October 31, 2019, 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. Because the account was confirmed at the balance sheet date, Zain Company refuses to disclose any information in

relation to this subsequent event. The CPA believes that all other accounts were stated fairly at the balance sheet date. In addition, Zain Company changed its method of inventory

valuation from FIFO to LIFO. This change was not disclosed in Note X to the financial statements. Accordingly, What Type of Opinion Should Be Expressed by the

Auditor?

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Question 32 Subsequent to the close of Zain Company fiscal year ending October 31, 2019, a major debtor has declared bankruptcy do in relation to the financial statements, and recovery is doubtful. Because the account was confirmed at the balance sheet relation to this subsequent event. The CPA believes that all other accounts were stated fairly at the balance sheet date. In valuation from FIFO to LIFO. This change was not disclosed in Note X to the financial statements. Accordingly, Wha Auditor? V For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI V S Paragraph Arial !!! AV V 10pt Question of 1 points nding October 31, 2019, a major debtor has declared bankruptcy due to a series of events. The receivable is significantly material doubtful. Because the account was confirmed at the balance sheet date, Zain Company refuses to disclose any information in t all other accounts were stated fairly at the balance sheet date. In addition, Zain Company changed its method of inventory closed in Note X to the financial statements Accordingly, What Type of Opinion Should Be Expressed by the A 2 I % od 6 v 10pt O WORDS POWERED BY TIN