answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jarptica [38.1K]
2 years ago
8

Explain why materiality is important but difficult to apply in practice.

Social Studies
1 answer:
vovangra [49]2 years ago
6 0

Materiality is important because if financial statements are materially misstated, users' decisions may be affected, and thereby cause financial loss to them. It is difficult to apply because there are often many different users of the financial statements is the correct statement for the difficulty of applying the materiality in practice.

Answer: Option C

<u>Explanation:</u>

Materiality is important but difficult to apply in practice because the user’s decisions may be hugely affected if the financial statements are misstated materially and this may cause a loss.

It is also very difficult in applying in practice due to having many different users of the financial statements. Making an assessment of the users is compulsory by the auditors and use the application of the materiality.

You might be interested in
Whar is mean by democratic manner of conflict management​
alexandr1967 [171]

Answer :

Democracy is simply the application of the principle of rule of law in a given society where the citizens are accorded the basic free will or right to choose their leaders .By democratic manner of conflict management we are simply emphasizing the right of choice of handling conflict situations using different conflict styles as deemed fit.

6 0
2 years ago
Read 2 more answers
Sociologist Frank Furstenberg points out that young adulthood facilitates a stage in personal and sexual development in modern s
Marta_Voda [28]

Answer: d. Young people today define adulthood in terms of abstract traits like self-reliance and happiness.

Explanation:

Furstenberg's work has focused on social change, the transition to adulthood, divorce, and intergenerational relationships. He explains that in the present, young people have a definition of adulthood that is more extensive than in the past. Instead of the achievement of distinct goals, such as the homeownership of a house, young people today define adulthood in terms of abstract traits such as self-reliance and happiness.  

8 0
2 years ago
Read this excerpt from The Riddle of the Rosetta Stone by James Cross Giblin. The schooling of a scribe began at age five or six
vagabundo [1.1K]

Based on the context we can infer that a scribe is someone who <em>writes.</em> This excerpt makes reference to the ancient Egypt scribes, who were the only people allowed in that time to read and write. The process described above gives us the idea of how they learnt it, it made them highly skilled and they were almost on the top of the social pyramid.  

7 0
2 years ago
Read 2 more answers
The gestalt principle of proximity is the tendency ________. to perceive objects, or figures, on some background to complete fig
katrin [286]
I think the correct answer would be the third option. The gestalt principle of proximity is the tendency to perceive objects that are close to each other as part of the same grouping. It states that if shapes are close to each other, then you would see them as groups no matter if the sizes and shapes are different from each other as long as they are close to one another. This principle of proximity is one of Gestalts principle which is focused on how every stimulus would be perceived in the most simple form. It is also called as the Law of Simplicity or the Law of Pragnanz. It is based on the principle that the whole has a greater value than its parts.
6 0
2 years ago
This is one that I am reeeeeealy stuck on! Answer ASAP
stiks02 [169]

You got It, right!

Number 3!

4 0
2 years ago
Other questions:
  • How did Sylvia Mendez help expand civil rights? A. She supported same-sex marriage by participating in the reading of a play.
    5·1 answer
  • Difference between scientific notation and engineering notation
    5·2 answers
  • In California, undocumented migrants are often blamed for high unemployment in the state, although statistics show that high une
    12·1 answer
  • Tammy meets with a therapist because she wants to do something about the path her life is taking. The doctor tells her to lie do
    15·1 answer
  • Consent to participate in research is an ongoing process. Which of the following strategies would help ensure that participation
    15·1 answer
  • Andre Bazine used he term presence to describe the moviegoer's sense that he is within the same spatial/temporal continuum as __
    13·1 answer
  • Lauren learns what a fish looks like from a book. Her mother buys her a goldfish which she keeps in a fishbowl. She then learns
    12·1 answer
  • Using four or more complete sentences, discuss the standard of living in Western European countries.
    9·1 answer
  • What resource did Egypt get from Kush?<br><br> fish<br> salt<br> wheat<br> iron ore
    11·2 answers
  • 'Mt.everest is the glory of all nepalis' justify the statement.​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!