Which of the Following Statements Is Correct Regarding the Quantitative

Multiple Choice

Which of the following statements is correct regarding the quantitative guidelines for materiality in AASB 1031?

A) if the particular item is equal to or greater than 20% of the appropriate base amount,it would be presumed to be material unless there is evidence or convincing argument to the contrary
B) amounts equal to or greater than 5% of the base amount would be presumed to be material unless there is evidence or convincing argument to the contrary
C) if the particular item is less than 10% of the appropriate base amount,it would be presumed to be material unless there is evidence or convincing argument to the contrary
D) if the particular item is equal to or greater than 10% of the appropriate base amount,it would be presumed to be material unless there is evidence or convincing argument to the contrary