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Qualitative Reasons for Materiality

question 66

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Qualitative reasons for materiality.
List the reasons why an amount that is quantitatively immaterial might be considered material due to qualitative reasons.


Definitions:

Synovial Joint

A freely movable joint characterized by a cavity filled with synovial fluid, which lubricates and nourishes the cartilage-covered articulating surfaces.

Articular Cartilage

A smooth, white tissue that covers the ends of bones at joints, enabling easy movement and reducing friction.

Synovial Fluid

A viscous, non-Newtonian fluid found in the cavities of synovial joints, reducing friction between articular cartilages during movement.

Joint Cavity

The potential space between the articulating surfaces of a synovial joint filled with synovial fluid that lubricates and nourishes the cartilage.

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