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  3. which of the following is a brightline test? a.

Which of the following is a brightline test? A. An item is deemed...

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Question

Accounting

Which of the following is a

brightline

test?

A.

An item is deemed material if it is large enough to influence the CEO's decision making.

B.

An item is deemed material if it exceeds 10% of net income.

C.

An item is deemed material if it is large enough to influence an investor's decision making.

D.

An item is deemed material if it is large in size.

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