An Item stated in the financial information of a company are material if: I. They are insignificant II. They are aggregated with other similar items III. They could not influence the economic decisions made by the users of financial statements a- II and III only b- None of them c- I and III only d- II only

An Item stated in the financial information of a company are material if: I. They are insignificant II. They are aggregated with other similar items III. They could not influence the economic decisions made by the users of financial statements a- II and III only b- None of them c- I and III only d- II only

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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