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

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

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