Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
Materiality is the component which would allow a large company to record the purchase of a $120 printer as an expense.
What is materiality?
According to the accounting principle of materiality, any events that could reasonably be expected to have an influence on investors' decisions must be documented or disclosed in great detail in a company's financial statements prepared in accordance with GAAP (generally accepted accounting principles).
Therefore, the component materiality would allow a large company to record the purchase of a $120 printer as an expense rather than capitalizing the printer as an asset.
To know more about materiality, go to URL
https://brainly.com/question/10825814
#SPJ4
Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.
