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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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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