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Which of the following would be most likely to cause an auditor to have substantial doubt regarding a company's ability to continue as a going
Which of the following would be most likely to cause an auditor to have substantial doubt regarding a company's ability to continue as a going concern?
A current ratio of 1.3 and a quick ratio of 0.8.
Negative cash flow from investing activities.
Management's refusal to sign a management representation letter.
Failure to obtain positive confirmation of several large receivables.
A current ratio of 1.3 and a quick ratio of 0.8.
Negative cash flow from investing activities.
Management's refusal to sign a management representation letter.
Failure to obtain positive confirmation of several large receivables.
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A current ratio of 13 and a quick ratio of 08 Both the current ratio and quick ratio measure a comp...
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
