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    Business
  3. Study Set
    Company Accounting
  4. Exam
    Exam 1: Nature and Regulation of Companies
  5. Question
    When Determining Whether a Proprietary Company Is Classified as Small
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When Determining Whether a Proprietary Company Is Classified as Small

Question 2

Question 2

True/False

When determining whether a proprietary company is classified as small or large, the consolidated gross assets test is determined based on the average of the opening and closing gross assets.

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