Cal. Code Regs. tit. 2 § 1031.9
Current through Register 2025 Notice Reg. No. 2, January 10, 2025
The test of materiality is implicit in each system. Small amounts may be accorded a convenience treatment, so long as the possible distortion of financial position and results of operations is negligible.
Cal. Code Regs. Tit. 2, § 1031.9