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Business, 15.02.2020 01:17 tamaliablanchard

The concept of materiality:

a Treats as material only those items that are greater than 2% or 3% of net income.

b Justifies ignoring the matching principle in certain circumstances.

c Affects only items reported in the income statement.

d Results in financial statements that are less useful to decision makers because many details have been omitted.

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The concept of materiality:

a Treats as material only those items that are greater than...
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