Tread Corp. accounts for the effect of a material accounting change prospectively, when the inclusion of the cumulative effect of the change is required in the current year. The auditor would choose which of the following opinions?
a. Qualified opinion or a disclaimer of opinion.
b. Disclaimer of opinion or an unqualified opinion with an explanatory paragraph.
c. Unqualified opinion with an explanatory paragraph or an adverse opinion.
d. Qualified opinion or an adverse opinion.
Answer: D
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