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According to AASB1031, are the following amounts material or immaterial? Please show working. and justify your answers. 1. Operating profit is $1,500,000. an expense
According to AASB1031, are the following amounts material or immaterial? Please show working. and justify your answers. 1. Operating profit is $1,500,000. an expense misstatement is $700,000. 2. Total assets are $1,800,000, an asset misstatement is $80,000. 3.Operating profit is $600,000, total assets: $1,600,000, a liability misstatement is $80,000. 4. Operating profit is $900,000, total assets: $1,600,000, an asset misstatement is $220,000.
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