In accordance with Corporations Act,which of the following companies will be required to conform to the Australian Accounting Standards in the preparation of their financial reports? Proprietary Company with revenues of $12 million,total assets of $4 million and number of employees totalling 80.
Proprietary Company with revenues of $6 million,total assets of $4 million and number of employees totalling 60.
Company listed on the stock exchange.
Company that issued a public debt
Reporting entities
A) All of the given answers.
B) I, II, III, and IV only.
C) I, III, IV and V only.
D) I, III and IV only.
E) III, IV and V only.
Correct Answer:
Verified
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