Answered

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What is the definition of "material"or "materiality" as it pertains to financial information?
A. Significant relative only to the size (10 percent or greater) of the total assets of a business.
B. Significant relative to the size of the business based on annual sales.
C. Significantly impacts the user's understanding of the financial condition of a business.
D. Pertains to anything that is a physical, rather than an intangible, asset.

Sagot :

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