In deciding which items to disclose on the income statement, managers are guided by the materiality principle.
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In deciding which items to disclose on the income statement, managers are guided by the materiality principle. Explain how this principle would affect a decision about whether to disclose a firm’s research expenses separately. p-635
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Related Book For 
Financial Accounting Reporting And Analysis
ISBN: 9780324149999
6th Edition
Authors: Earl K. Stice, James Stice, Michael Diamond, James D. Stice
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