Misstatements must be compared to some
measurement base before a decision can be
made about the materiality of the failure to
follow GAAP. A commonly accepted
measurement base would be
a. Net income.
b. Total assets.
c. Working capital.
d. All of the above.
measurement base before a decision can be
made about the materiality of the failure to
follow GAAP. A commonly accepted
measurement base would be
a. Net income.
b. Total assets.
c. Working capital.
d. All of the above.