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Unformatted text preview: Cannot be soo costly for reporters to issue Slide 23 Cost/Benefit benefits cannot be difficult to quantify The costs are easier to quantify Materiality ex. Legislation does not have a material effect, but might effect on the way that your product is sold Slide 24 Conservatism try not to mislead investors When in doubt, choose the solution that will be the least likely to overstate assets and income. Slide 26...
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- Spring '11