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Which of the following statements is incorrect about materiality? A. An item must make a difference or a company need not disclose it O B.

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Which of the following statements is incorrect about materiality? A. An item must make a difference or a company need not disclose it O B. Materiality is a matter of relative size and importance OC. An item is material if omitting it or misstating it could influence the judgment of an informed user O DA rule is adopted that anything under 10 percent of income is immaterial

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