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NEW QUESTION 50
Which of the following situations is an example of materiality in accounting?
Answer: C
NEW QUESTION 51
A company's Balance Sheet for the year ended Dec. 31, 2013 is as follows:
(In millions)
The company is MOST likely in which of the following industries?
Answer: D
NEW QUESTION 52
What can an analyst conclude about an industry that has a high level of government regulation, including permits and licenses?
Answer: B
NEW QUESTION 53
Changing accounting assumptions from year to year without having justifiable reasons for the changes is a departure from the accounting principle of:
Answer: C
NEW QUESTION 54
Which of the following options is presented in the above accounting journal entry?
Answer: A
NEW QUESTION 55
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