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

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Accounting

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Information is considered material to the financial statements if I. It falls within industry-specific quantitative guidelines published by the Financial Accounting Standards Board. Il. 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 I and IIl only. Il and Ill only. I, Il and III. Ionly

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