If $15,000 is considered to be material to the income statement,but $25,000 is material to the balance sheet,the auditor should set overall materiality at which of the following dollar amounts?
A)$20,000
B)$25,000
C)$40,000
D)$15,000

Question

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The Answer of If $15,000 is considered to be material to the income statement,but $25,000 is material to the balance sheet,the auditor should set overall materiality at which of the following dollar amounts?
A)$20,000
B)$25,000
C)$40,000
D)$15,000

If $15,000 Is Considered to Be Material to the Income