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Which of the following statements is incorrect about materiality? A....

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Accounting

Which of the following statements is incorrect about materiality?

A.

A rule is adopted that anything under 10 percent of income is immaterial
B.

An item is material if omitting it or misstating it could influence the judgment of an informed user
C.

Materiality is a matter of relative size and importance
D.

An item must make a difference or a company need not disclose it

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