Question
An item is considered material if (select the best answer) Multiple Answers can be right. 1. The monetary amount disclosed is greater than 25% of
An item is considered material if (select the best answer) Multiple Answers can be right.
| 1. | The monetary amount disclosed is greater than 25% of total assets. | |
| 2. | It is of a tangible good | |
| 3. | The cost of reporting the item is greater than its benefits | |
| 4. | It is likely to influence the decision of an investor or creditor. |
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Financial Accounting Theory
Authors: Craig Deegan
3rd Edition
0070277265, 978-0070277267
