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Chapter 1 Question E1-8. Isn't the answer for 8 (A companyshould disclose information only...

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Accounting

Chapter 1 Question E1-8. Isn't the answer for 8 (A companyshould disclose information only if the perceived benefits of thedisclosure exceed the costs of providing information. Whichconstraint does this statement describe?) cost effectiveness andNOT materiality? I'm asking about a question in my IntermediateAccounting book.What more do you need????

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The materiality is concept to simply state that all material transaction which can influence a stakeholders outlook about a comapny are properly disclosed For eg suppose you buy a calculator for a bsuiness for 30 you do not book it is an asset but book it in printing    See Answer
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In: AccountingChapter 1 Question E1-8. Isn't the answer for 8 (A companyshould disclose information only if...Chapter 1 Question E1-8. Isn't the answer for 8 (A companyshould disclose information only if the perceived benefits of thedisclosure exceed the costs of providing information. Whichconstraint does this statement describe?) cost effectiveness andNOT materiality? I'm asking about a question in my IntermediateAccounting book.What more do you need????

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