Question: An item is considered material if it doesn't cost a lot of money. it is of a tangible good. it is likely to influence the

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

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