For nonprofit entities,appropriate benchmarks for materiality judgments would include which of the following?
A)total assets and total liabilities.
B)total revenues and total assets.
C)total liabilities,total income,or total assets.
D)total expenses,total revenues,or total assets.

Question

Quizplus · Accepted Answer

For nonprofit entities, materiality is often judged based on total expenses, total revenues, or total assets, as these reflect the financial activities and resources of the organization.

For Nonprofit Entities,appropriate Benchmarks for Materiality Judgments Would Include Which