An item is considered material if
A) it doesn't costs a lot of money.
B) it is of a tangible good.
C) its size is likely to influence the decision of an investor or creditor.
D) the cost of reporting the item is greater than its benefits.

Question

Quizplus · Accepted Answer

An item is considered material if its size or nature is likely to influence the decision of an investor or creditor, as it is significant enough to affect financial statements.

An Item Is Considered Material If