Share 'FIN621 GDB Solution & Discussion Spring 2011'
Pls restrict your answer to 30 words only.According to me Accountant is Right.Because of materiality accounting principle or guideline, an accountant might be allowed to violate another accounting principle if an amount is insignificant. Professional judgement is needed to decide whether an amount is insignificant or immaterial.An example of an obviously immaterial item is the purchase of a $150…
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