In Applying the Operating Guidelines Within the Conceptual Framework, an Item

question 19

Multiple Choice

In applying the operating guidelines within the conceptual framework, an item is considered material if

• A)it costs a lot of money.
• B)it is of a tangible nature.
• C)it is likely to influence the decision of a reasonably prudent investor or creditor.
• D)the cost of reporting the item is greater than its benefits.