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Find Which an item is considered material if

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Reference no: EM132608129

Question 1: An item is considered material if _______.

A. it is accounted for using a treatment that is not normally allowed by generally accepted accounting principles

B. its dollar value is greater than 10% of net income

C. its inclusion in the financial statements would cause a statement user to change a decision

D. it facilitates comparison with the financial statements of another company in the same industry

Reference no: EM132608129

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