10. Proposed adjustments are sometimes not material enough to justify their being made. Which of the following statements is the least satisfactory guide to a decision on the materiality of a proposed adjustment? An error relating to the Cash account may warrant correction even though an error of the same size in the Plant and Equipment account would not be considered to require adjustment. Errors that affect the net income for the year are more likely to similar size not affecting net income. warrant correction than errors of b. If the reaction of the reader of the financial statements is likely to be influenced by reason of a proposed correction, the error should be considered materia Each proposed adjustment should be considered strictly on its own merits without regard for the possible need to make adjustments for other similar errors. l. d