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The materiality concept of accounting allows a business to expense the cost of freight-in rather than add it to the cost of the inventory on
The materiality concept of accounting allows a business to expense the cost of freight-in rather than add it to the cost of the inventory on the basis that the difference in the accounting treatment would not sway a decision by a financial statement user. True False
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Auditing A Practical Approach
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
4th Canadian Edition
1119709490, 9781119709497
