In Accordance with Corporations Act,which of the Following Companies Will

question 46

Multiple Choice

In accordance with Corporations Act,which of the following companies will be required to conform to the Australian Accounting Standards in the preparation of their financial reports?
I.proprietary company with gross operating revenues of $12 million,gross assets of $4 million and number of employees totalling 80
II.proprietary company with gross operating revenues of $6 million,gross assets of $4 million and number of employees totalling 60
III.company listed on the stock exchange
IV.company that issued a public debt
V.reporting entities

• A) I, II, III, and IV only
• B) I, III, IV and V only
• C) I, III and IV only
• D) III, IV and V only

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Definitions:

Waiting Time

The time period a person or object spends waiting to receive a service or undergo a process.

Uniform Distribution

A type of probability distribution in which every event has an equally likely chance of occurring within a specified range.

Probability

A measure of the likelihood that a given event will occur, expressed as a number between 0 and 1.

Electronics Test

A procedure or set of procedures used to check the functionality, performance, and reliability of electronic components or systems.