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Information is considered material to the financial statements if 1. It falls within industry-specific quantitative...

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Accounting

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Information is considered material to the financial statements if 1. It falls within industry-specific quantitative guidelines published by the Financial Accounting Standards Board. II. Its omission could make a difference in the decisions made by a user relying on the financial statements. III. Its misstatement could make a difference in the decisions made by a user relying on the financial statement. Multiple Choice II and Ill only I only I and III only. 1, II and

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