what is materiality?
Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs
Section: Chapter Questions
Problem 1CC
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what is materiality?
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Step 1 General Introduction
Materiality is an accounting concept that signifies the importance of an item to users of financial statements. Information contained in the financial statements must therefore be complete in all material respects to present a true and fair view of the affairs of the entity.
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