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    Financial Accounting
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    Exam 17: The Framework of Accounting
  5. Question
    The Presumption Is That a Material Item Is One That
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The Presumption Is That a Material Item Is One That

Question 7

Question 7

Multiple Choice

The presumption is that a material item is one that is ________ of an appropriate base amount.


A) greater than 20%
B) greater than 10%
C) equal to or less than 5%
D) greater than 5%

Correct Answer:

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