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Remaining Time: 1 hour, 13 minutes, 53 seconds Question Completion Status QUESTION 14 MR. Khaled, Audit partner, at BDO decided the following regarding the calculation
Remaining Time: 1 hour, 13 minutes, 53 seconds Question Completion Status QUESTION 14 MR. Khaled, Audit partner, at BDO decided the following regarding the calculation of materiality levels for one of the audit clients A The measure of benchmark is net assets total assets minus total liabilities as of Dec 31, 2019 (the closing date of audit dient) B- The overall materialty levels of net assets. The performance material is 75 of overall materiality D. The threshold materiality is 5% of overall materiality E-The total assets and total liabilities as of Dec 31, 2018 are $5,000,000, and $2,300,000 respectively. Required: 1. How mush is the overall materiality? 2. How much is the performance materiality? 3. How much is the threshold materiality TTT Artal 3 (12 Click Save and Submit to sound mit Click Save a MacBook Air BO 6
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