An audit opinion stating that the statements are presented in accordance with GAAP is known as a(n): disclaimer. adverse opinion. clean opinion.

adverse opinion.

clean opinion.

debited to the Retained Earnings account.

shown as a liability on the current year's Balance Sheet.

shown as a loss on the current year's Income Statement.

the number of shares of common stock outstanding at the end of the year divided by net income.

prior-period adjustments.

cumulative effect of change in accounting principle.

extraordinary items.