Question: In applying the operating guidelines within the conceptual framework, an item is considered material if A. the cost of reporting the item is greater than

In applying the operating guidelines within the conceptual framework, an item is considered material if

A.

the cost of reporting the item is greater than its benefits.
B.

it is likely to influence the decision of a reasonably prudent investor or creditor.
C.

it costs a lot of money.
D.

it is of a tangible nature.

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