Question: Additional Problem 11 DMA Pty Ltd is a private company with 15 employees, 2 of whom are also the sole directors and shareholders. It has

Additional Problem 11 DMA Pty Ltd is a private company with 15 employees, 2 of whom are also the sole directors and shareholders. It has no borrowings apart from a bank loan and has two main suppliers who supply the company with goods on credit terms. Required: (a) What is a reporting entity as defined by SAC1 (b)Would DMA Pty Ltd be a reporting entity? Give reasons for your answer. (c)What are the consequences for DMA if they are a reporting entity

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