5. Materiality means: a. The amount in question had the potential to result in a different decision...
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5. Materiality means:
a. The amount in question had the potential to result in a different decision had it been known to financial statement users.
b. The amount in question is greater than 10% of total assets.
c. The amount in question is greater than 10% of revenue.
d. The amount in question would have resulted in a different decision had it been known to financial statement users.
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Related Book For
Financial Accounting International Financial Reporting Standards Global Edition
ISBN: 9781292211145
11th Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
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