When allocating materiality, most practitioners choose to allocate to:
A) the income statement accounts because they are more important.
B) both balance sheet and income statement accounts because there could be errors on either one.
C) all of the financial statements because there could be errors on other statements besides the income statement and balance sheet.
D) the balance sheet accounts because there are fewer of them.

Question

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The Answer of When allocating materiality, most practitioners choose to allocate to:
A) the income statement accounts because they are more important.
B) both balance sheet and income statement accounts because there could be errors on either one.
C) all of the financial statements because there could be errors on other statements besides the income statement and balance sheet.
D) the balance sheet accounts because there are fewer of them.

When Allocating Materiality, Most Practitioners Choose to Allocate To