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Shalnov [3]
2 years ago
15

Which statement is false? a. Characteristics that would make a misstatement material include: The relative size of the misstatem

ent. b. A misstatement is an error, only intentional, that exists in a transaction or financial statement account balance. c. Characteristics that would make a misstatement material include: The misstatement would have been viewed by a reasonable investor to have significantly altered the total mix of information available. d. Characteristics that would make a misstatement material include: The misstatement makes it probable that the judgment of a reasonable person relying on the information would have been changed or influenced by the omission or misstatement.
Business
2 answers:
Masja [62]2 years ago
5 0

Answer:

The false statement here is option D) Characteristics that would make a misstatement material include: The misstatement makes it probable that the judgment of a reasonable person relying on the information would have been changed or influenced by the omission or misstatement.

Explanation:

In the context of a financial audit, a material misstatement is untrue information in a financial statement that could affect the financial decisions of one who relies on the statement.

For instance, when management uses accelerated depreciation method for an asset which generates benefits evenly over its useful life.

Sergeeva-Olga [200]2 years ago
4 0

Answer:

The correct option is  "<em>d." Characteristics that would make a misstatement material include: The misstatement makes it probable that the judgment of a reasonable person relying on the information would have been changed or influenced by the omission or misstatement.</em>

Explanation:

<em>A misstatement </em>is a false or incorrect statement. So a material misstatement is a significant statement that is false or incorrect. In the context of a financial audit, a material misstatement is untrue information in a financial statement that could affect the financial decisions of one who relies on the statement.

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mote1985 [20]

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2 years ago
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From the information given in the question, the journal entry at the time of sales will be represented as:

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7 0
3 years ago
If a donut shop sells a dozen donuts for $6.00, what would the cost of 9 donuts be at the same rate?
larisa86 [58]
To solve this question, first we need to find out the price of a single donut.

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After that, we just need to multiply the price for a single donut with the required amount (9), which will be:

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3 0
3 years ago
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First solve the inner parenthesis.

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35 - 20= 15

Hope this helps!
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