The concept of materiality:
a Treats as material only those items that are greater than...
Business, 15.02.2020 01:17 tamaliablanchard
The concept of materiality:
a Treats as material only those items that are greater than 2% or 3% of net income.
b Justifies ignoring the matching principle in certain circumstances.
c Affects only items reported in the income statement.
d Results in financial statements that are less useful to decision makers because many details have been omitted.
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