The concept of materiality (indicate all correct answers): a. Requires that financial statements be accurate to the

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The concept of materiality (indicate all correct answers):

a. Requires that financial statements be accurate to the nearest dollar, but need not show cents.

b. Is based upon what users of financial statements are thought to consider important.

c. Permits accountants to ignore generally accepted accounting principles in certain situations.

d. Permits accountants to use the easiest and most convenient means of accounting for events that are immaterial.

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