The concept of materiality: A. Involves only tangible assets and not intangible assets . B. Relates only

Question:

The concept of materiality:
A. Involves only tangible assets and not .
B. Relates only to the income statement and not the balance sheet.
C. Is always an exact percentage of a financial account balance.
D. Is measured as an item significant enough to influence the decisions of uses of financial statements.
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented...