The Term "Small and Medium-Sized" Entities in the IASB's Pronouncement

Multiple Choice

The term "small and medium-sized" entities in the IASB's pronouncement on IFRS for Small and Medium-sized Entities (SMEs) defines SMEs as:

A) Those entities with public accountability that publish general purpose financial statements
B) Those entities without public accountability that publish general purpose financial statements
C) Those entities that use IFRS in their general purpose financial statements
D) Those entities that use U.S. GAAP in their general purpose financial statements