Which is one criterion of SMEs?
A)Have no publicly-traded assets or equity
B)Publish general-purpose financial statements
C)Not hold assets as fiduciary for a broad group of outsiders
D)Pass the certain size test created by the IASB to qualify

Question

Quizplus · Accepted Answer

SMEs (Small and Medium-sized Enterprises) are defined, among other criteria, by not holding assets in a fiduciary capacity for a broad group of outsiders, which distinguishes them from financial institutions and similar entities.

Which Is One Criterion of SMEs