Which of the following statements is true with regard to the auditor's report? A qualified opinion states that the financial statements have been presented fairly in accordance with GAAP. An adverse opinion states that the firm is going bankrupt. An unqualified opinion states that the financial statements have been presented fairly in accordance with GAAP. A disclaimer of opinion states that except for a departure from GAAP the financial statements are presented fairly. QUESTION 6 3 points Save Answer If Jane sells 100 widgets for $2 each and receives payment in cash for 40 of the widgets and sells the other 60 widgets on credit, what amount will be shown for sales if Jane uses the accrual basis of accounting? $200 $80 $120 $100