When a Client Has Significant and Nonrecurring Charges to Nonoperating

question 65

Multiple Choice

When a client has significant and nonrecurring charges to nonoperating expenses, which of the following would be the most appropriate materiality benchmark?

• A) Net profit.
• B) Income from continuing operations.
• C) Cash inflows.
• D) Cash outflows.

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Definitions:

Fovea

A small depression in the retina where visual acuity is highest, due to the high concentration of cones.

Wavelength

The spacing between consecutive peaks of a wave, particularly in a sound wave or an electromagnetic wave.

Nanometers

A unit of length in the metric system equal to one billionth of a meter, commonly used to measure wavelengths of light or dimensions of molecules.

Horizontal Cells

Neurons located in the eye's retina that help integrate and regulate the input from multiple photoreceptor cells, contributing to visual processing.