Question: Assessing Materiality for The Bargain Cart Based on information contained in the cases and an analysis of the balance sheet and income statement for The

Assessing Materiality for The Bargain Cart

Based on information contained in the cases and an analysis of the balance sheet and income statement for The Bargain Cart, suggest three potential bases and percentage ranges for each base that you believe should be considered to use in establishing planning materiality for The Bargain Cart. Provide rationale for why financial statement users might emphasize the suggested bases and why higher or lower percentages for each range might be selected.

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