$14$

An item is considered material if:

Select one:

its dollar value is greater than $\backslash (10\backslash \%\backslash )$ of net income.

its inclusion in the financial statements would cause a statement user to change a decision.

it is accounted for using a treatment that is not normally allowed by generally accepted accounting principles.

it facilitates comparison with the financial statements of another company in the same industry.