Answer
Each transaction can be considered material.
Work Step by Step
Each transaction must be considered independently, where they qualify as material due to the nature of the transaction.
Intermediate Accounting 14th Edition
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
0470587237
ISBN 13:
978-0-47058-723-2
Chapter 2 - Conceptual Framework for Financial Reporting - Brief Exercises - Page 70: BE2-5b
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