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    Intermediate Accounting IFRS Study Set 1
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    Exam 2: Conceptual Framework for Financial Reporting
  5. Question
    The International Accounting Standards Board's (IASB) Rule for Materiality Is
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The International Accounting Standards Board's (IASB) Rule for Materiality Is

Question 56

Question 56

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The International Accounting Standards Board's (IASB) rule for materiality is any item under 5% of net income is considered immaterial.

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