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List the factors that could cause a quantitatively small misstatement to be a material misstatement.
Material Possessions
Items of physical property owned by individuals or groups, including things like homes, cars, and personal belongings.
New England Colonies
The early British colonies in the northeastern region of what became the United States, including Massachusetts, Connecticut, Rhode Island, and New Hampshire.
Chesapeake Colonies
The British colonies established in the Chesapeake Bay region, primarily Virginia and Maryland, known for their tobacco-based plantation economy.
Institution of Slavery
A social and economic system where individuals are owned by others, deprived of personal freedom, and compelled to perform labor or services.
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