A small proprietary company is one that has:
A) less than $25 million sales and fewer than 50 employees.
B) less than $5 million liabilities and fewer than 50 employees.
C) less than $5 million expenses and less than $12.5 million assets.
D) less than $10 million equity and less than $12.5 million assets.

Question

Quizplus · Accepted Answer

According to the Australian Securities and Investments Commission, a small proprietary company is one that has less than $25 million in revenue for the financial year and fewer than 50 employees at the end of the financial year.

A Small Proprietary Company Is One That Has