Multiple Choice
The materiality for Holloy Company is $75 000. There are carryforward misstatements of $25 000 from the previous year. Current year anticipated misstatements are $15 000, with anticipated corrections of $10 000. What is the performance materiality?
A) $45 000
B) $50 000
C) $55 000
D) $90 000
Correct Answer:
Verified
Correct Answer:
Verified
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