Question
Given the following balances, what is the most appropriate level of planning materiality for the 30 June 20X3 audit of your client?(all amounts are in
Given the following balances, what is the most appropriate level of planning materiality for the 30 June 20X3 audit of your client?(all amounts are in $'000)
Sales: 1280 (20X3); 1152 (20X2); 1024 (20X1)
Profit: 35 (20X3); 31.5 (20X2); 28 (20X1)
Current assets: 1810 (20X3); 1629(20X2); 1448 (20X1)
a.
3.5
b.
6.4
c.
12.8
d.
18.1
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Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
10th Edition
0324380674, 978-0324380675
