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TB MC Qu. 17-18 An auditor of financial statements... An auditor of financial statements believes that there is substantial doubt about an entity's ability to

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TB MC Qu. 17-18 An auditor of financial statements... An auditor of financial statements believes that there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. In evaluating the entity's plans for dealing with the adverse effects of future conditions and events, the auditor most likely would consider, as a mitigating factor, the entity's plans to: Multiple Choice C ) Repurchase the entity's stock at a price below its book value. O Issue stock options to key executives O Refinance debt to lower loan payments. O Accelerate the due date of an existing mortgage

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