Question: A misstatement in the financial statements can be considered material if it overshadows the financial statements as a whole. knowledge of the misstatement would affect
A misstatement in the financial statements can be considered material if
it overshadows the financial statements as a whole.
knowledge of the misstatement would affect the decision of a reasonable user of the financial statements.
it affects more than one account on the financial statements.
it affects only one account on the financial statements.
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