WACE Accounting Finance ATAR Practice Questions - WACE ATAR Accounting And Finance Units 3 & 4 (SCSA Year 12 Assessment) Exam

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Under the Corporations Act 2001, a proprietary company is classified as a 'large proprietary company' for a financial year if it satisfies at least TWO of which set of statutory threshold criteria?

Consolidated revenue of $25M+, gross assets of $12.5M+, 50+ employees Consolidated revenue of $50M+, gross assets of $25M+, 100+ employees Consolidated revenue of $100M+, gross assets of $50M+, 250+ employees Consolidated revenue of $10M+, gross assets of $5M+, 20+ employees

Correct Answer:

Consolidated revenue of $50M+, gross assets of $25M+, 100+ employees

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