What accounting constraint allows a company to ignore GAAP if an item is too small to impact

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What accounting constraint allows a company to ignore GAAP if an item is too small to impact a decision?

(a) Comparability. (@ECose

(b) Materiality.

(d) Consistency.

(a) No entry is required.

(b) Salaries and Wages Expense | 400 |

Salaries and Wages Payable 400

(c) Salaries and Wages Expense | 400 |

Cash 400

(d) Salaries and Wages Payable | 400 |

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Financial Accounting

ISBN: 9780470929384

8th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, J. Mather

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