In the financial statements issued by large companies like Imperial Chemical Industries (ICI) the amounts stated are

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In the financial statements issued by large companies like Imperial Chemical Industries (ICI) the amounts stated are rounded off to the nearest million pounds. The reason for this is:

(a) The materiality concept

(b) To keep details secret from rival companies

(d) Because this is currently fashionable

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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 31, 2023 02:25 AM

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In the financial statements issued by large companies like Imperial Chemical Industries (ICI) the amounts stated are

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Financial Accounting An Introduction

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