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    Auditing and Assurance Services Study Set 1
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    Exam 9: Materiality and Risk
  5. Question
    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 31

Question 31

Multiple Choice

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


A) Net sales
B) Net assets
C) Net income before tax
D) All of the above

Correct Answer:

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