Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is a brightline test? a.

Which of the following is a brightline test? A. An item is deemed...

60.1K

Verified Solution

Question

Accounting

Which of the following is a

brightline

test?

A.

An item is deemed material if it is large enough to influence the CEO's decision making.

B.

An item is deemed material if it exceeds 10% of net income.

C.

An item is deemed material if it is large enough to influence an investor's decision making.

D.

An item is deemed material if it is large in size.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

We have to calculate the value of Power of an electric DC motor IN WATTS made...

Physics
Q

You have just taken a job at a manufacturing company and have discovered that they use...

Finance
Q

In a population in HW equilibrium the frequency of hemophilia an X linked trait is...

Biology
Q

You can afford a $1100 per month mortgage payment. You've found a 30 year loan...

Basic Math
Q

Find the area of the triangle using the formula A bh 1 and verify that...

Algebra
Q

Doggie Pals produces 90,000 dog collars each month that give off a fresh scent to...

Accounting
Q

Required information [The following information applies to the questions displayed below.) During the current year,...

Accounting
Q

You are a company that sells a low-end, mid-range, and high-end version of what your...

Accounting
Q

How to record admission as a new partner in Partnership. The three present owners have...

Accounting
Q

Review the requirements of the Sarbanes-Oxley Act, which requires public companies to engage independent auditors....

Accounting
Q

Calculate the value of a bond with a face value of $1000, a coupon interest...

Accounting
Q

These bonds have a conversion provision and a call provision. When these bonds were issued...

Finance