In the Matrixx Initiatives V

question 47

Multiple Choice

In the Matrixx Initiatives v.Siracusano case,the Supreme Court adopted the position about materiality that:

• A)It should always be determined only through qualitative evaluations
• B)It should always be determined through quantitative evaluations
• C)It should always be determined by considering whether the amount affects past financial statements
• D)It should be determined by considering whether the total mix of information would be viewed by a reasonable investor as possibly accepting judgment

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