Multiple Choice
An item is considered material if
A) It doesn't costs a lot of money.
B) It is of a tangible good.
C) It is likely to influence the decision of an investor or creditor.
D) The cost of reporting the item is greater than its benefits
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Which of the following hierarchy of qualities
Q2: Under Statement of Financial Accounting Concepts No.2,which
Q4: Which of the following is not a
Q5: Which of the following organizations published the
Q6: Who was the author of Accounting Research
Q13: Discuss how the FASB and the IASC
Q16: What two approaches to present value were
Q20: Discuss accounting Research Study No. 1.
Q24: Which of the following economists most influenced
Q30: Discuss the issue of principles based vs.