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    Financial Accounting Study Set 28
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    Exam 2: A Further Look at Financial Statements
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    An Item Is Considered Material If
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An Item Is Considered Material If

Question 63

Question 63

Multiple Choice

An item is considered material if


A) it doesn't costs a lot of money.
B) it is of a tangible good.
C) its size is likely to influence the decision of an investor or creditor.
D) the cost of reporting the item is greater than its benefits.

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