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The concept of materiality: Question options: A ) Involves only tangible assets and not intangible assets. B ) Relates only to the income statement and
The concept of materiality:
Question options:
A
Involves only tangible assets and not intangible assets.
B
Relates only to the income statement and not the balance sheet.
C
Is always an exact percentage of a financial account balance.
D
Is measured as an item significant enough to influence the decisions of users of financial statements.
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