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1. Name two appropriate benchmarks for materiality for a publicly traded company. Explain a situation for which benchmark #1 would be more appropriate then benchmark

1. Name two appropriate benchmarks for materiality for a publicly traded company.

Explain a situation for which benchmark #1 would be more appropriate then benchmark #2.

Explain a situation for which benchmark #2 would be more appropriate than benchmark #1.

(Audit Accounting)

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