On What Criteria Is a 'Reporting Entity',as Defined in SAC

question 20

Multiple Choice

On what criteria is a 'reporting entity',as defined in SAC 1,dependent?

• A) Whether there are users that are dependent on the reports to make or evaluate resource decisions
• B) Professional judgment providing some guidelines to help make a decision
• C) Whether there are users that are dependent on the reports to make or evaluate resource decisions, and professional judgement provides some guidelines to help make a decision
• D) The Corporations Law based on measures of gross revenue, dollar value of assets and the number of employees

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Definitions:

Quoted

Refers to the listed price of a security or asset in the financial market.

Treasury Bond

A Treasury bond is a long-term government debt security with a maturity of more than ten years, issued by the U.S. Department of the Treasury, and is backed by the U.S. government's credit.

Current Yield

The annual income (interest or dividends) divided by the current price of the security, often used to measure the return on investment of bonds.