In addition to income before income taxes, another acceptable benchmark(s) for private company audits is(are) _______.
A)total assets and total revenues
B)net income
C)income tax rate
D)net liabilities

Question

Quizplus · Accepted Answer

Total assets and total revenues are acceptable benchmarks for private company audits as they provide a comprehensive overview of the company's financial performance and position. Net income, income tax rate, and net liabilities are all important measures, but they do not represent the full picture of the company's financial health.

In Addition to Income Before Income Taxes, Another Acceptable Benchmark(s)