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    Auditing and Assurance Services Study Set 2
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    Exam 8: Audit Planning and Materiality
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    Which of the Following Is the Primary Basis Used to Decide
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Which of the Following Is the Primary Basis Used to Decide

Question 112

Question 112

Multiple Choice

Which of the following is the primary basis used to decide materiality for a profit-oriented entity?


A) net sales
B) net assets
C) net income before tax
D) all of the above

Correct Answer:

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