Question: Large proprietary companies have more commitments. An organization is large if it meets at any rate two out of these three tests: 1. Consolidated income:

Large proprietary companies have more commitments. An organization is large if it meets at any rate two out of these three tests:


1. Consolidated income: Your gross income is equivalent to or more than $25 million.


2. Asset value: Your gross assets are equivalent to more than $12.5 million. 


3. Employees: Your organization utilizes 50 or more employees toward the finish of the monetary year. On the off chance that you don't meet in any event three of these tests, you're a small organization

Step by Step Solution

3.52 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer Thats a great explanation of large proprietary companies Heres a breakdown of the key points ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!