Under the Corporations Act, a Proprietary Company Is Classified as 'Small

Multiple Choice

Under the Corporations Act, a Proprietary company is classified as 'small' if it can satisfy two out of three conditions. Which of the following are two of those conditions?

A) Consolidated gross assets less than $12.5 million and fewer than 200 employees.
B) Consolidated gross revenue less than $25 million and less than 200 employees.
C) Consolidated gross assets less than $5 million and less than 50 employees.
D) Consolidated gross assets less than $12.5 million and consolidated gross revenue less than $25 million.