Question: An item is considered material if it does not cost a lot of money. the cost of reporting the item is greater than its benefits.

An item is considered material if
it does not cost a lot of money.
the cost of reporting the item is greater than its benefits.
it is of a tangible good.
its size is likely to influence the decision of an investor or creditor.
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An item is considered material if it does not cost a

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