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An item is considered material if_______. A. it is accounted for using a treatment that is not normally allowed by generally accepted accounting principles B.
An item is considered material if_______.
A.
it is accounted for using a treatment that is not normally allowed by generally accepted accounting principles
B.
its dollar value is greater than10% of net income
C.
its inclusion in the financial statements would cause a statement user to change a decision
D.
it facilitates comparison with the financial statements of another company in the same industry
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