To be classified as 'small' under the Corporations Act, a Proprietary company must normally satisfy two out of three conditions. Which of these are two of those conditions?
A) Consolidated gross revenue less than $25 million and consolidated gross assets less than $12.5 million.
B) Consolidated gross assets less than $12.5 million and fewer than 200 employees.
C) Consolidated gross revenue less than $25 million and less than 200 employees.
D) Consolidated gross assets less than $5 million and less than 50 employees.
Correct Answer:
Verified
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