I need the answer as soon as possible 28. Items of financial information are material if:O They could influence the economic decisions made by the users of financial statementsO They are not relevant to decisionsO They could not influence the economic decisions made by the users of financial statementsO They are insignificant

Financial statements are those statements which are used to record the revenues, expenses which…

Answered: 28. Items of financial information are…

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28. Items of financial information are material if:

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter2: Financial Reporting: Its Conceptual Framework

Section: Chapter Questions

Problem 2MC: Which of the following is considered a constraint on useful information by Statement of Financial...

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I need the answer as soon as possible

28. Items of financial information are material if:
O They could influence the economic decisions made by the users of financial statements
O They are not relevant to decisions
O They could not influence the economic decisions made by the users of financial statements
O They are insignificant

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