Under SAC 1, Which Entity Is the Least Likely to Have

question 23

Multiple Choice

Under SAC 1, which entity is the least likely to have users dependent on general-purpose financial reports?

• A) A company which is listed on the stock exchange.
• B) A small proprietary company whose shareholders also run the business.
• C) A company with a large number of shareholders.
• D) A company which issues debentures to the public.

---

Definitions:

Research Hypothesis

A proposed explanation or prediction about a relationship that can be tested through study and experimentation.

Null Hypothesis

A statistical hypothesis that assumes no significant difference exists in a particular condition or feature between two or more sets of data.

Supported

The state or condition of being backed up with evidence or data, making an assertion more robust or credible.

Reject

In statistics, to conclude that there is enough evidence to discard the null hypothesis in favor of the alternative hypothesis.