An Item Is Considered Material If

question 195

Multiple Choice

An item is considered material if

• A) it doesn't cost a lot of money.
• B) it is of a tangible good.
• C) its size is likely to influence the decision of an investor or creditor.
• D) the cost of reporting the item is greater than its benefits.

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Definitions:

Cumulative Frequency

The total of a frequency and all frequencies so far in a frequency distribution.

Relative Frequency

The ratio of the number of times a particular value occurs to the total number of occurrences.

Midpoint

The value exactly in the middle of a range, or the average of two numbers.

Hours Worked

The total time period that an employee spends performing tasks or duties for an employer during a given timeframe.