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

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2022-06-05

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

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

答案：

D

举一反三

内容

0
Which financial statement reports net income and dividends?（）。 A: Income Statement B: Statement of Cash Flows C: Statement of Retained Earnings D: Balance Sheet
1
Accounts payable appear on which of the following statements? ( ) A: Balance sheet. B: Income statement. C: Statement of owner's equity. D: Statement of cash flows.
2
The balance sheet is one of the three (income statement and statement of cash flows being the other two) core financial statements used to evaluate a business.
3
Which financial statement reports revenues and expenses?（）。 A: Statement of Retained Earnings B: Income Statement C: Statement of Cash Flows D: Balance Sheet
4
Cost of goods sold will appear on which financial statement? A: statement of retained earnings B: balance sheet C: statement of cash flows D: income statement