The use of a disclaimer of opinion generally indicates A. The auditors are very uncertain with respect to an item and cannot form an opinion on the fairness of presentation of the financial statements as a whole.

B. The auditors are uncertain with respect to an isolated item that is material but not so material that the auditors cannot form an opinion on the fairness of presentation of the financial statements as a whole.

C. The auditors have observed a departure from generally accepted accounting principles that has a material effect upon the fairness of presentation of financial statements but the departure is not material enough to justify a qualified opinion.

D. The auditors have observed a departure from generally accepted accounting principles that is so material that a qualified opinion is not justified.

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

Who is better at multi-tasking? in business, employees are often asked to perform a complex task when their atten-tion is divided (i. e., multi-tasking). human factors (may 2014) published a study designed to determine whether video game players are better than non–video game play-ers at multi-tasking. each in a sample of 60 college stu-dents was classified as a video game player or a non-player. participants entered a street crossing simulator and were asked to cross a busy street at an unsigned intersec-tion. the simulator was designed to have cars traveling at various high rates of speed in both directions. during the crossing, the students also performed a memory task as a distraction. two variables were measured for each student: (1) a street crossing performance score (measured out of 100 points) and (2) a memory task score (measured out of 20 points). the researchers found no differences in either the street crossing performance or memory task score of video game players and non-gamers. “these results,” say the researchers, “suggest that action video game players [and non-gamers] are equally susceptible to the costs of dividing attention in a complex task”

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is