Brosovic Company is a privately held manufacturer of cellphones. Its financial statements show the following: Net Income: $10,000, Total Revenue: $20,000,000, Total Liabilities: $30,000,000. The Planning Materiality set by the auditor is: * O 100,000 500 O 150,000 1,000,000

SWFT Individual Income Taxes
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ISBN:9780357391365
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Chapter18: Accounting Periods And Methods
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Brosovic Company is a privately held manufacturer of cellphones. Its financial
statements show the following: Net Income: $10,000, Total Revenue:
$20,000,000, Total Liabilities: $30,000,000. The Planning Materiality set by the
auditor is: *
O 100,000
500
150,000
1,000,000
Which of the following would be considered a change that affects consistency?
Transcribed Image Text:Brosovic Company is a privately held manufacturer of cellphones. Its financial statements show the following: Net Income: $10,000, Total Revenue: $20,000,000, Total Liabilities: $30,000,000. The Planning Materiality set by the auditor is: * O 100,000 500 150,000 1,000,000 Which of the following would be considered a change that affects consistency?
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