What will an accountant do to determine the materiality of an amount? determine the number of entries required to record the particular item O check what other companies in a similar industry do O if there is time, include it, no matter the amount O compare it with other items such as total assets, revenue, or profit

What will an accountant do to determine the materiality of an amount? determine the number of entries required to record the particular item O check what other companies in a similar industry do O if there is time, include it, no matter the amount O compare it with other items such as total assets, revenue, or profit

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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Question

What will an accountant do to determine the materiality of an amount? determine
the number of entries required to record the particular item O check what other
companies in a similar industry do O if there is time, include it, no matter the amount
O compare it with other items such as total assets, revenue, or profit

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