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Indicate an Appropriate Base Amount That Could Be Used in Determining

Question 28

Essay

Indicate an appropriate base amount that could be used in determining materiality for the following items:
1.accounts receivable
2.inventory
3.accounts payable
4.wages expense
5.cash inflow from the sales of property, plant and equipment
6.cash outflow from borrowing redemption
7.asset revaluation reserve
8.cash
9.interest revenue
10. cash outflow from employee expenses

Correct Answer:

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1.total assets
2.total assets
3.total li...

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