WILLOW CO

What about where the question says "$800,000 for assets and liabilities, $250,000 for income and expenses"? Doesn't that indicate the materiality levels?

That's what I don't understand.. materiality levels are given.. so ?

So now you have to make the decision "Is this $130,000 material either in isolation or when aggregated?"

Oh okay... thank you so much h

You're welcome - although I get the impression that I haven't helped you at all. Probably my fault because I cannot understand your question :-(