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  3. Study Set
    College Accounting
  4. Exam
    Exam 14: Accounting Principles and Reporting Standards
  5. Question
    What Is the General Rule-Of-Thumb for Determining If an Item
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What Is the General Rule-Of-Thumb for Determining If an Item

Question 19

Question 19

Essay

What is the general rule-of-thumb for determining if an item is material?

Correct Answer:

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If the item or total...

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