Which of these is not an indicator listed in SAC 1 to help assess the existence of a reporting entity?
A) A high degree of separation between management and owners.
B) Sales greater than $1 million.
C) Control over large amounts of resources and/or a large amount of borrowings.
D) Economic or political importance.

Question

Quizplus · Accepted Answer

The indicator "Sales greater than $1 million" is not listed in SAC 1 to help assess the existence of a reporting entity. The other three options are listed as indicators: A high degree of separation between management and owners, control over large amounts of resources and/or a large amount of borrowings, and economic or political importance.

Which of These Is Not an Indicator Listed in SAC