Which of the Following Statements About Materiality Is Not Correct

question 72

Multiple Choice

Which of the following statements about materiality is not correct?

• A) An item is material if its inclusion or omission would influence or change the judgement of a reasonable person.
• B) The amount involved must make a difference or it should not be disclosed.
• C) Materiality is a matter of both its nature and relative size.
• D) A traditional guideline for auditors is 5 to 10 percent of net earnings.

Understand the purpose and use of action queries in Access.

Identify and apply different types of action queries (Append, Delete, Update, Make-Table).

Learn to copy, export, or modify table records and structures using queries.

Understand the relationships between tables and how they affect queries.

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Definitions:

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A complex and unpleasant emotional response to isolation or lack of companionship, often involving feelings of anxiety and depression.

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