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Which of the Following Entities Would Be Classified as Tier

Question 21

Multiple Choice

Which of the following entities would be classified as Tier 2 under AASB 1053 Application of Tiers of Australian Accounting Standards, and thus be given relief from some reporting requirements?
I. Not-for-profit private sector entities
II. Most public sector entities
III. Small proprietary companies


A) II and III only
B) I and II only
C) I and III only
D) I, II and III

Correct Answer:

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