Small Proprietary Companies Are Relieved of Many of the Reporting

Small proprietary companies are relieved of many of the reporting requirements to which public companies are subject. A company is deemed to be 'small' if it satisfies two of three specified criteria. Which of the following is not one of the criteria?

A) It has consolidated gross profits of less than $30 million.
B) Its consolidated gross assets at the end of the financial year are less than $12.5 million.
C) It employs fewer than 50 employees at the end of the financial year.
D) It has consolidated gross operating revenue of less than $25 million