When Determining Whether a Proprietary Company Is Classified as Small

question 2

True/False

When determining whether a proprietary company is classified as small or large, the consolidated gross assets test is determined based on the average of the opening and closing gross assets.

---

Definitions:

Mercury Rocket

Part of the first series of American manned space missions which aimed to put a human in orbit around the Earth.

Cape Canaveral

A prominent Cape in Florida, known for being a major site of satellite launches and space missions.

Zoos

Facilities where animals are housed within enclosures, displayed to the public, and often bred for conservation purposes.

Sacajawea

A Lemhi Shoshone woman who is best known for her role as an interpreter and guide during the Lewis and Clark Expedition.