The Materiality Constraint Refers To

Multiple Choice

The materiality constraint refers to:

A) the significance of an item of financial data in relation to other financial data.
B) whether the increased cost of complying with an accounting principle is justified by the benefit that would result.
C) the idea that "when in doubt,take the conservative action."
D) existing accounting practices that have evolved based on the amount of debt that would be incurred by the business.