PeeDee Corporation purchased a new coffee maker for $30 for the employee break room. PeeDee expects the entfee maker to last 5 years. Rather than capitalizing the coffee maker as an asset. PeeDee expenses the $30 cost immediately. Which characteristic allows PeeDee to do this? O Completeness O Neutrality Predictive Value Materiality Which of the four financial statements could also be referred to as the Statement of Financial Position? O Balance Sheet O Statement of Cash Flows Income Statement O Statement of Stockholders' Equity Which of the following would be disclosed in the Summary of Significant Accounting Polldes food O The company is party to a lawsuit for $10 million. O The company depreciates fixed assets using the straight-line method. The company has transactions with affiliated entities. The company has outstanding debt in the form of collateralized mortgages