Which of the Following Sets of Entities Are Not Likely

question 72

Multiple Choice

Which of the following sets of entities are not likely to meet the definition of a reporting entity?

• A) Small proprietary companies, large proprietary companies and partnerships
• B) Small proprietary companies and sole traders
• C) Large proprietary companies, sole traders and partnerships
• D) Small proprietary companies and large professional accounting practices

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Definitions:

Flush Margin

This refers to text that is lined up along the left margin in a document, creating a uniform edge.

Business Letter

A formal document exchanged between companies or between a company and its clients, suppliers, or other parties.

Salutation

A greeting or expression of goodwill, often used at the beginning of a letter or email.

Inside Address

The recipient's address typically placed on a letter or envelope in formal correspondence.