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<p><strong>a) Application of same accounting method from one period to another</strong><strong>b) Relative size & importance of items</strong><strong>c) Inappropriate assumption of firm undergoing Bankruptcy</strong><strong>d) Normal basis of accounting of Assets</strong></p>
ANSWER IS B
B) Relative size & Importance of Items,,.
B
B
B is the most appropriate choice.
A) thanks sir
Choice (B).
CHOICE B IS THE MOST APPROPRIATE ANSWER
B. To be considered material, we have to consider the amount/size of the item in consideration of the entire population. For instance, a few thousand expense item is immaterial to a million-dollar company. But a misstatement of an immaterial amount arising from fraud may be considered material to the company.
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟