Question: An item is considered material if: A. its dollar value is greater than 10% of net income. B. its inclusion in the financial statements would

An item is considered material if: A. its dollar value is greater than 10% of net income. B. its inclusion in the financial statements would cause a statement user to change a decision. C. it facilitates comparison with the financial statements of another company in the same industry. D. it is accounted for using a treatment that is not normally allowed by generally accepted accounting principles.

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