Question
Which of the following is considered a qualitative factor in making materiality judgments?* A. the context of an item in relation to the current economic
Which of the following is considered a qualitative factor in making materiality judgments?*
A. the context of an item in relation to the current economic state of the environment where the entity operates.
B. 10% of profit or loss, in absolute terms
C. 5% of total revenues
D. 1% of total assets
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
