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    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 1: Introduction to Business Activities and Overview of Financial Statements and the Reporting Process
  5. Question
    _____ Captures the Qualitative Notion That Financial Reports Need Not
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_____ Captures the Qualitative Notion That Financial Reports Need Not

Question 135

Question 135

Multiple Choice

_____ captures the qualitative notion that financial reports need not include items that are so small as to be meaningless to users of the reports.


A) Maximization
B) Realization
C) Recognition
D) Materiality
E) Minimization

Correct Answer:

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