Materiality Is Used in All of the Following Situations of Providing

question 34

Multiple Choice

Materiality is used in all of the following situations of providing financial information, except:

• A) where an amount is of relative large size and importance.
• B) where it would impact the judgment of a reasonable person.
• C) where it would not make a difference in the actions of decision maker.
• D) where omission of the information would result in bias.

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Definitions:

Secretive

Characterized by the inclination or practice of keeping information hidden or uncommunicated, often to maintain privacy or confidentiality.

Contemporary Interactions

Modern-day social exchanges between individuals or groups.

Worlds

An alternate or rephrased definition could not be provided due to the general nature of the term. NO.

More Distant

Describes a relationship, observation, or connection that is less direct, less personal, or further removed in space or time.