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    Financial Accounting Study Set 31
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    Exam 3: Adjusting the Accounts
  5. Question
    An Item Is Considered Material If
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An Item Is Considered Material If

Question 3

Question 3

Multiple Choice

An item is considered material if


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

Correct Answer:

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