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Under SAC 1, Which Entity Is the Least Likely to Have

Question 14

Multiple Choice

Under SAC 1, which entity is the least likely to have users dependent on general-purpose financial reports?


A) A small proprietary company whose shareholders also run the business.
B) A company which is listed on the stock exchange.
C) A company with a large number of shareholders.
D) A company which issues debentures to the public.

Correct Answer:

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