The answer to your question is Paraguay. :-)
Materiality is important because if financial statements are materially misstated, users' decisions may be affected, and thereby cause financial loss to them. It is difficult to apply because there are often many different users of the financial statements is the correct statement for the difficulty of applying the materiality in practice.
Answer: Option C
<u>Explanation:</u>
Materiality is important but difficult to apply in practice because the user’s decisions may be hugely affected if the financial statements are misstated materially and this may cause a loss.
It is also very difficult in applying in practice due to having many different users of the financial statements. Making an assessment of the users is compulsory by the auditors and use the application of the materiality.
All of the following are limiting fact populations except space.
The total number of people living in a particular area at a particular time is known as population. The population is one of the key factors that help balance the environment, and population must be balanced with means and resources.
A group of people, things, events, organizations, etc. Use populations to draw conclusions. Figure 1: Population. An example of a population is the entire student body of a school. Includes all students studying at the school at the time the data was collected.
Learn more about populations here:brainly.com/question/1437549
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The indecisive outcome of the Cenepa War — both sides claimed victory — along with the mediation efforts of Argentina, Brazil, and chile.
