Which of the following criteria must be satisfied before a company can be classified as a small proprietary company?
A) It has no more than one shareholder and two directors.
B) It has annual gross operating revenue of less than $25 million.
C) It has annual consolidated gross assets of less than $12.5 million at the end of the financial year.
D) All of the above
E) B and C.
Correct Answer:
Verified
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