Question
1.What would you use to calculate materiality? Why? ((a)Net Income, (b) Assets, (c) Revenue, or (d)Equity.) (Pick 1 letter & Explain why) a.5 percent to
1.What would you use to calculate materiality? Why? ((a)Net Income, (b) Assets, (c) Revenue, or (d)Equity.) (Pick 1 letter & Explain why)
a.5 percent to 10 percent of net income before taxes.
b. percent to 1 percent of total assets.
c. percent to 1 percent of total revenues.
d.-1 percent of total equity.
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Accounting Information Systems
Authors: Robert Hurt
2nd Edition
78111056, 978-0078111051
