Which of the Following Statement Is Correct

Multiple Choice

Which of the following statement is correct?

A) Extensive guidance is given in accounting standards on the concept of materiality.
B) The disclosure provisions of accounting standards must always be applied even if the resulting information is immaterial.
C) Materiality only depends only ever depends on the size of an item.
D) The disclosure provisions of accounting standards do not need to be applied if the resulting information is immaterial.