In Accordance with Corporations Act,which of the Following Companies Will

Multiple Choice

In accordance with Corporations Act,which of the following companies will be required to conform to the Australian Accounting Standards in the preparation of their financial reports?
I.proprietary company with gross operating revenues of $12 million,gross assets of $4 million and number of employees totalling 80
II.proprietary company with gross operating revenues of $6 million,gross assets of $4 million and number of employees totalling 60
III.company listed on the stock exchange
IV.company that issued a public debt
V.reporting entities

A) I, II, III, and IV only
B) I, III, IV and V only
C) I, III and IV only
D) III, IV and V only