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Could you please research and explain if it would be material the differences that a accounting information system will have when using four decimal points
Could you please research and explain if it would be material the differences that a accounting information system will have when using four decimal points instead of just two decimal points? For example: 10.0452 vs. 10.05. Also, could you please research and explain how exactly an accountant would decide whether to use the materiality principle? Be specific in providing your explanation with examples.
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