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harra harra
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6 years ago
An item is considered material if:
A) it facilitates comparison with the financial statements of another company in the same industry.
B) its inclusion in the financial statements would cause a statement user to change a decision.
C) its dollar value is greater than 10% of net income.
D) it is accounted for using a treatment that is not normally allowed by generally accepted accounting principles.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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migrodmigrod
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6 years ago
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harra Author
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6 years ago
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