When Setting a Preliminary Judgment About Materiality

question 71

Multiple Choice

When setting a preliminary judgment about materiality,

• A) more evidence is required for a low dollar amount than for a high dollar amount.
• B) less evidence is required for a low dollar amount than for a high dollar amount.
• C) the same amount of evidence is required for either low or high dollar amounts.
• D) there is no relationship between materiality and the dollar amount of evidence needed.

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Definitions:

Series RL Circuit

A circuit consisting of a resistor (R) and an inductor (L) connected in series, which opposes the flow of AC current due to its inductance.

Series RL Circuit

An electrical circuit consisting of a resistor (R) and an inductor (L) connected in series, displaying characteristics dependent on the combined effects of resistance and inductive reactance.

Inductive Reactance

The impedance offered by inductors in a circuit to the flow of alternating current, determined by the frequency of the current and the inductance of the inductor.

Series Circuit

A circuit that contains only one path for current flow.