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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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