Which of the following is the true statement with regard to materiality under the antifraud provisions of federal securities law? 15. A. Materiality is a function of whether a reasonable person would attach importance to the information and includes the balancing of both the probability that the event may occur and its potential impact relative to the total company activities. B. The courts have ruled that any event or information that the buyer or seller of securities took into account is material. C. Material information does not concern future earnings that cannot be estimated with accuracy. D. The SEC has ruled for administrative convenience that any event involving less than $100,000 is not material