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14. An item would be considered material and therefore would be disclosed in the financial statements if a. the expected benefits of disclosure exceed the

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14. An item would be considered material and therefore would be disclosed in the financial statements if a. the expected benefits of disclosure exceed the additional costs. b. the impact on earnings is greater than 3 percent. c. the IASB definition of materiality is met. d. the amount is deemed large enough to make a difference to the users

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